Even Wealthy Older Americans Worry About Long-Term Care [The Motley Fool]
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: The Motley Fool
As they should. Retirement can be a financially daunting prospect, especially when the notion of long-term care is thrown into the mix. In fact, managing and paying for long-term care needs is something that has even wealthy older Americans concerned. In a recent Nationwide survey of well-off older adults (defined as age 50 or older with a household income of at least $150,000), 47% worry about becoming a burden to their loved ones in their old age. At the same time, 71% would like the option to rely on family members to provide care as needed, but most would not want or expect that care unless they were able to pay their loved ones for it. IMAGE SOURCE: GETTY IMAGES. To make matters worse, most older wealthy Americans have no idea what their long-term care costs might entail. And only 27% have a long-term care insurance policy for backup. That's why it's crucial to stop worrying about long-term care and start planning for it instead. Can you afford to go wit
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News
- 5 surprising long-term care insurance benefits you should know [CBS News]CBS News
- The 5 ‘big money' mistakes retirees (almost) always regret in 2024 [Yahoo! Finance]Yahoo! Finance
- The No. 1 mistake people in their 50s make with their money, according to a CFP—and how to fix it [CNBC]CNBC
- Genworth Financial, Inc. (NYSE: GNW) had its price target raised by analysts at Keefe, Bruyette & Woods from $6.50 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- CEOs are becoming more optimistic about the future. AI is a big reason why [Yahoo! Finance]Yahoo! Finance
GNW
Sec Filings
- 4/26/24 - Form 13F-HR
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- GNW's page on the SEC website