September 2009
Beginner
296 pages
6h 20m
English
Content preview from The New Savage Number: How Much Money Do You Really Need to Retire?Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 15. LONG-TERM CARE INSURANCE: WHO NEEDS IT?
What's the greatest risk in your financial plan? We've seen how a stock market crash can devastate retirement plans. But the greatest risk is not the longevity of this bear market, or even another bear market. It's the devastating cost of long-term care (LTC). And just as many preretirees didn't take the possibility of declining stock prices into consideration when making their retirement plans, most people don't consider the costs of living longer and the health-care and lifestyle implications.
Living longer may bring with it challenges that we cannot handle on our own. We may need help with routine activities of daily living, our health may become impaired because of progressive diseases, or our cognitive ability may be limited by Alzheimer's disease or dementia. And as the boomers age, the demand for care will put a strain on the resources to deal with these issues—and on the price tag.
We baby boomers will eventually face these problems for ourselves, but right now many of us are confronting them for our parents. Do your parents and in-laws have enough money to pay for their own care for years to come, or will you be asked to supplement their long-term care needs just when your own children are in college and you are trying to save for your own retirement? I confronted this issue early, when it became my responsibility to arrange and pay for my grandmother's care. That's when I recognized the importance of long-term care insurance. ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.