Investing Insights

How to Retire: Understand and Plan for Long-Term Care


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Christine Benz, Morningstar’s director of personal finance and retirement planning, interviews financial experts about different aspects of retirement in ‘How to Retire,’ the companion podcast to her book of the same name. In this episode, Christine talks with author and researcher Howard Gleckman about long-term care.  

How Long-Term Care Differs from Conventional Healthcare

Why Americans Need More Long-Term Care Than Ever Before

Long-Term Care Isn’t Just in Nursing Homes

Does Medicare Cover Long-Term Care Costs?

Who Should Consider Long-Term Care Insurance?

The Financial Implications of Continuing Care Retirement Communities

Howard Gleckman’s Experience with Long-Term Care 

Key Takeaways

 

Hi, I'm Christine Benz from Morningstar and welcome to the How to Retire podcast. It's a companion to my book, which is also called How to Retire. Each episode will provide a bite-sized lesson about how to do some aspect of retirement well.

If you read my work regularly, you know that I'm a little bit obsessed with the topic of long-term care, not just how to pay for it, but also all of the other dimensions of it, like the impact on families. To help discuss that topic, I reached out to Howard Gleckman. He is the author of a book called Caring for Our Parents, and he is also a Senior Fellow at the Urban Institute, where he is affiliated with the Tax Policy Center and the Program on Retirement Policy. He also writes a great blog for Forbes. I asked him to discuss the basics of long-term care, as well as the financial ramifications and implications for caregivers.

 

More from Howard Gleckman

Bio

Forbes Column

Urban Institute

TaxVox blog

Caring For Our Parents, by Howard Gleckman

Howard Gleckman on The Long View: ‘We Pretend This Isn’t a Problem’

 

Read more from Christine Benz.

How to Retire: Tips for Entering Retirement

The Hidden Crisis in Long-Term Care

How Likely Are You to Need Long-Term Care?

6 Steps for Smart Long-Term-Care Planning

Worried About Long-Term Care Expenses? Let’s Do Something About It.

 

Watch more from How to Retire.

How to Retire: Prioritize Tax Planning in Retirement

How to Retire: Transition from Saving to Spending

How to Retire: Consider a Retirement Bucket Portfolio Strategy

How to Retire: Know What ‘Enough’ Means in Retirement

How to Retire: Understand the Role of Working Longer

How to Retire: Stay Flexible with Your Retirement Spending

 

 

Read what our team is writing:

Christine Benz

 

Follow Christine Benz on social media.

X: https://x.com/christine_benz

LinkedIn: https://www.linkedin.com/in/christine-benz-b83b523

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