Thirty percent of boomers haveless than $1,000 saved for a financial emergency, and 79 percenthave no money set aside specifically for LTC. (Photo:Shutterstock)
Avoidance of unpleasant topics has almost become an art formamong some people, but while some have finally brought themselvesto the point of making arrangements for their estates, most are stillevading the question of long-term care in retirement.
So finds the latest research from the Bankers Life Center for a Secure Retirement, which finds that 81percent of middle-income boomers have made at least one formalpreparation for when they pass away—compared with just 32 percentwho have some kind of plan for how they will receive care inretirement.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
