No. of Recommendations: 2
https://www.fa-mag.com/news/baby-boomers-may-be-better-prepa...

The lack of preparedness is particularly concerning when it comes to health care, according to the report. In a survey of 1,500 middle-income boomers, the center found that just 18 percent had placed a high priority on receiving nursing or long-term care during retirement, yet 45 percent expected they would need long-term care at some point.

At the same time, the respondents seemed to be thinking more about their legacy and estate plans: 81 percent had made at least one formal preparation for what will happen when they die.

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The Baby Boomers I know with a large enough fortune to worry about an estate plan have also planned for long-term care. They just don't see the utility of involving a for-profit long-term care insurer and the 20% skim rate that entails.

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