No. of Recommendations: 7

Here's a few quotes from the article.

"Long-term care insurance is great for the middle class, upper middle class and wealthy," said Stein. "It's questionable for the lower middle class and not needed by the poor."

But it depends what you mean by wealthy. "A lot of people think of themselves as wealthy," Stein said. "To me, if you have $1 million-$2 million, you're not wealthy."

If you plan an early retirement, say at age 45, with $2 million, you're not wealthy at all, says Stein. "You're in a risky situation."


Very scary stuff until you realize.

Stein sells policies from 11 different insurers and consults on long-term care.


Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.