Financial plan vital for life post-retirement

Source: The Ledger

The cost of a child’s college tuition is planned for long before the first dollar is forked over. But, the cost of senior care – either for ourselves or aging parents – is often on the backburner.

It hits home for thousands of Americans, too often, after a crisis.

A much-cited statistic based on a 2010 Pew Research Center study shows that about 10,000 Baby Boomers will turn 65 every day until 2029, pushing the U.S. population 65 or older to 20 percent, U.S. Census statistics reveal.

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