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Thirty percent of boomers have less than $1,000 saved for a financial emergency, and 79 percent have no money set aside specifically for LTC. (Photo: Shutterstock)

Avoidance of unpleasant topics has almost become an art form among some people, but while some have finally brought themselves to the point of making arrangements for their estates, most are still evading 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 81 percent of middle-income boomers have made at least one formal preparation for when they pass away—compared with just 32 percent who have some kind of plan for how they will receive care in retirement.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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