If You Can’t Get Long-Term Care Insurance…
What if you can’t get long-term-care insurance? There are still a few options.
Long-term-care insurance should be be a crucial part of your retirement planning. After all, 49% of men and 64% of women reaching age 65 today will need significant long-term care, according to the Department of Health and Human Services, and 14% will need more than two years of paid care at an average cost of $120,900.
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.
