Retirement planning should include long-term care costs [FOX Business Network]
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: FOX Business Network
NEW YORK – Many Americans have a blind spot when it comes to retirement planning: long-term care costs. Even though the majority of Americans will at some point need long-term care, few are planning for it. Many underestimate the costs and mistakenly believe health insurance can help cover it. Continue Reading Below This is not like being struck by lightning. It is something we will all face in our lives, said Bruce Chernof, president and CEO of the SCAN Foundation, which researches care for older adults. If we don't need it ourselves, it is likely that our spouses, our significant other or our parents will. One way or another, it will touch the lives of every single American. The U.S. government estimates that 70 percent of people aged 65 today will require some form of long-term care during their lives. Most of the time, that type of assistance is non-medical, including help with daily tasks such as bathing. The need can arise unexpectedly after a major
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GNW
News
- 3 times to buy long-term care insurance at 65 (and 3 times not to) [CBS News]CBS News
- How to get long-term care insurance with pre-existing conditions [CBS News]CBS News
- Retirement Planning: Here's How Much Money You Actually Need To Age in Place [Yahoo! Finance]Yahoo! Finance
- Scarecrow laws threaten to make middle-aged Americans financially responsible for their parents' medical bills [Yahoo! Finance]Yahoo! Finance
- Genworth Financial, Inc. (NYSE:GNW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GNW
Sec Filings
- 5/3/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 5/1/24 - Form 8-K
- GNW's page on the SEC website