Long-Term Care May Be a Road Block for Many Baby Boomers on the Road to Retirement

Despite popular belief, boomers are overwhelmingly prepared to make the most of their journeys through retirement. However, even as they put their financial plans into place, most are ignoring the potentially devastating expenses associated with long-term care, according to a new Lincoln Retirement(SM) Institute (LRI) survey. Take-charge baby boomers are knowingly ignoring the signs of a significant retirement detour. The so-called "Overconfidence Effect" keeps the baby boomer generation from acknowledging the emotional and financial tolls long-term care challenges can bring.

Long-Term Care May Be a Road Block for Many Baby Boomers on the Road to Retirement
Source: Biz Journals