Alternatives to Long-Term Care Insurance
A long-term care insurance policy can help you financially prepare for a time when you might not be able to take care of your own basic needs, including eating, bathing and dressing. Among people turning 65 today, approximately 70% are expected to need some type of long-term care, according to the U.S. Department of Health and Human Services. But long-term care insuranceisn't the only way to pay for in-home care, adult day care, assisted living or a nursing home.
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
