Why Are Boomers Retiring So Early?

So much for boomers’ predictions that they’ll be working until they drop. A new study finds that more than half of the nation’s oldest boomers – those turning 67 this year – are now retired and not working at all. Most of them say they were ready to leave the working world for good. But one in six say they retired because of health problems, and one in 10 blamed a job loss. The findings – based on interviews with …

What Long-Term Care Costs (A Lot!)

If you’re considering long-term care, expect to pay more for nursing homes, assisted living communities and homemakers/companions, MetLife Mature Market Institute’s annual 2012 survey reveals. Good news: the study of average national long-term care costs shows they’ve stayed the same for adult day services and home health aides. Of course, rates and services vary by state and area; those differences are included in the survey. Take a look at national average costs: A private room in a nursing home is $248/day, …

Long-Term Care Costs Continue to Spike

What goes up must come down, except when you’re talking about the cost of long-term care. A study soon to be released by MetLife’s Mature Market Institute says expenses continued to rise faster than inflation in the last year for most long-term care services, according to the Wall Street Journal. Some 6,700 long-term care providers were interviewed for the study, which also examined a trend that’s emerging in the field: the ways in which providers are adding on transportation, extra meals …