One of the most overlooked threats to retirement is when people need to either limit their earning potential in the workforce due to caregiving demands (think not taking a promotion or limiting the ability to travel), or they leave the labor force altogether because the demands of caregiving are so great. This excerpt explores the impact that leaving/diminished workforce engagement has on future retirement planning.
Recent posts by Carroll Golden
"A lack of planning has immediate consequences and possibly consequences that will reach 20 years into the future," says Golden in her new book, "How Not to Tear Your Family Apart". Golden has been bringing the concept to both financial advisors and consumers that we need to get the conversation started far sooner than anyone expects so that dire consequences do not occur that possibly impacts generations to come.
3 min read
It has been critical for the Extended and Long-Term Care (LTC) Industry to weigh in on the publicly funded LTC program in Washington State (WA Cares). The industry has historically welcomed a public-private LTC option. And we are hopeful that the various state legislatures considering similar programs will embrace knowledgeable suggestions from industry insurers, business processing firms, distributors, agents, and advisors. In addition, there are proposals at the federal level that also could benefit from industry participation.
2 min read
It would be an understatement to say that it is critical for the extended and long-term care (LTC) industry to weigh in on the Washington State legislation that creates a publicly funded LTC program. The industry has historically welcomed a public-private option and we are hopeful that the various state legislatures contemplating instituting publicly funded programs of their own will embrace knowledgeable suggestions from insurers, business processing firms, distributors, agents, and advisors. At the federal level, there are proposals that would also benefit from industry participation.