LTCI

  • The Way We Save
    The Way We Save

    How advisors can ‘win on the saver spectrum’

    The ways Americans save – from “Big Savers” to “Aspirational Savers” – provide insights that can lead to better financial outcomes and help financial services firms to engage with different saver segments, according to a new report by Hearts & Wallets, the research and benchmarking firm that specializes in how consumers save, invest and seek…
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  • Closing The Savings Access Gap
    Closing The Savings Access Gap

    How 40 million more Americans could save for retirement by 2040 with national universal access to retirement savings options

    National universal access policies could dramatically close the retirement savings access gap for millions of employees and provide larger annual incomes for retirees, according to new research from the Georgetown University Center for Retirement Initiatives (CRI) in collaboration with Econsult Solutions, Inc. (ESI) and supported by a grant from the Berggruen Institute’s Future of Capitalism…
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  • When Health Suffers, Finances Go On Life Support
    When Health Suffers, Finances Go On Life Support

    As COVID-19 concerns continue to mount, Americans face greater risk of suffering from high medical debt

    Even adults who do not contract COVID-19 are facing a healthcare crisis. A Debt.com survey of more than 1,000 American adults reveals 56 percent of respondents had medical debt sent to collections and nearly two-thirds owed under $5,000, while 5 percent owed over $50,000.
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  • Americans Struggle To Cover Living Expenses During The Pandemic
    Americans Struggle To Cover Living Expenses During The Pandemic

    Forced to withdraw significant amounts from retirement accounts

    Nearly 60% of Americans withdrew or borrowed money from an IRA or 401(k) during the pandemic, and nearly two-thirds (63%) used those retirement savings to cover basic living expenses, according to a new poll released today by Kiplinger's Personal Finance magazine and industry-leading digital wealth management company, Personal Capital, an Empower Company.
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  • Poor Performance of Long-Term Care Product Persists
    Poor Performance of Long-Term Care Product Persists

    Keeping pressure on U.S. life insurers

    Loss ratios in the beleaguered U.S. long-term care (LTC) insurance market continue to climb for individual and group business, according to a new AM Best report.
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  • Empower Retirement Closes Acquisition of MassMutual Retirement Plan Business
    Empower Retirement Closes Acquisition of MassMutual Retirement Plan Business

    Acquisition increases Empower’s participant base to more than 12 million

    Empower Retirement today announced the completion of the previously announced acquisition of Massachusetts Mutual Life Insurance Company’s (MassMutual) retirement plan business, following the receipt of regulatory approval required by the agreement.
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  • For Private And Public Sector Pensions: Substantial Economic Gains
    For Private And Public Sector Pensions: Substantial Economic Gains

    Pension spending supports $1.3 trillion in output, 6.9 Million Jobs, $192 billion in tax revenue across the U.S. economy

    A new report finds that economic gains attributable to private and public sector defined benefit (DB) pensions in the U.S. are substantial. Retiree spending of pension benefits in 2018 generated $1.3 trillion in total economic output, supporting nearly seven million jobs across the nation. Pension spending also added nearly $192 billion to government coffers at…
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  • Long Term Care Product Continues Poor Performance
    Long Term Care Product Continues Poor Performance

    Keeps pressure on U.S. life insurers

    Loss ratios in the beleaguered U.S. long-term care (LTC) insurance market continue to climb for individual and group business, according to a new AM Best report.
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  • Older Americans’ Spending Profiles: One Size Does Not Fit All
    Older Americans’ Spending Profiles: One Size Does Not Fit All

    Far from typical, four types of spending emerge

    Understanding the spending patterns of the elderly and forming an educated estimate of households’ budgets throughout households’ old age is a key element of retirement planning. In this Issue Brief, the Employee Benefit Research Institute (EBRI) explores variations in spending of older households using the Health and Retirement Study (HRS) and the Consumption and Activities…
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  • Medicaid’s Critical Role in Providing Long-Term Care Coverage for Older Americans
    Medicaid’s Critical Role in Providing Long-Term Care Coverage for Older Americans

    Measuring the unpredictable and potentially catastrophic costs for retirees

    With healthcare and long-term care costs rising at much higher rates than wages or salaries, it is becoming more difficult for Americans to afford the costs of long- term care. These unpredictable costs, combined with low levels of savings, mean many older American families find themselves forced to spend down their assets so they are…
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