For most of us the conversation isn’t whether or not we’ll need long term care, but rather when. According to the U. S. Department of Health and Human Services as many as 70% of those turning 65 years of age are likely to require long-term care, meaning that it probably makes sense to start planning for this as an eventuality rather than a possibility.
As we age, the odds of incurring an injury or major illness that will prevent us from performing simple daily functions increase substantially. Today, one in three people over the age of 65 will require assisted care of some sort. Past age 75 the odds increase to where one in two will need nursing care.
"I went to cash because..." Fill in the blank. This is a common phrase uttered by market pundits, advisors, and amateur investors everywhere. And there always is a seemingly very smart reason to justify putting your investments in cash instead of the market. However; what appears on the surface to be a good investing idea often stands in sharp contrast to the actual results.