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When the Folks Move InMultigenerational households are becoming more common -- and it's not just unemployed adult children moving in with baby boomer parents. Longer lifespans and rising health care costs are bringing more aging parents into their children's spare rooms.According to the National Association of Professional Geriatric Care Managers, from 2000 to 2007, the number of parents living with their adult kids rose from 2.2 million to 3.6 million -- an increase of 64%.When contemplating moving parents in with you, the impulse is often to welcome mom or dad with open arms and little thought of consequences. Experts on geriatric care suggest a more cautious approach. It's a life-changing step for the parent as well as the caregiving child, the household and the extended family, they say, and everyone needs to understand what's involved.Will Your Parent Cross State Lines?If moving parents in with you involves relocation to a different state, it's important to understand how this wil...
No. 1: Countdown to retirement plan the transitionAs life transitions go, retirement ranks way up there among the most challenging, both financially and emotionally....
Dems vote to spike Obama health law tax, The waning influence of political parties and are federal workers democrat voters?
The divorce process isn't just long and stressful, it's also expensive. Once a divorce is finalized, the participants are often left picking up the financial pieces ...
When you say "yes" to tying the knot, you're doing more than joining hearts and lives, you're also joining finances. Gulp. For better or worse, if you don't communic...
When it comes to retirement savings planning, studies show that health-care costs are often the most under-planned expenses in retirement. And while it's impossible ...
Women thinking about buying long-term care insurance might want to shop for coverage sooner than later.Major insurers are moving toward charging separate rates for w...
Genworth Financial Inc. (GNW), the largest seller of long-term care insurance in the U.S., said it's suspending sales of the coverage to individuals in California as...
New York, Feb. 7 (Reuters) - We've all said it, or at least we've heard it: the claim, made either happily or wearily, that we are never going to retire."I'm going t...
Private equity firms Genstar Capital and Aquiline Private Equity LLC have teamed up and are in exclusive negotiations to buy Genworth Financial Inc's wealth manageme...
Dear Insurance Adviser, I have a long-term care insurance policy for a lifetime benefit that costs $1,292 a year. The company is offering a five-year benefit for a r...
If you've recently celebrated the big 4-0, congratulations! For the next several decades, you're going to get happier, and experience less stress. (At least that's w...
John Egan of InsuranceQuotes.com on a recent survey showing 53% of Americans know little about long-term insurance .
Around two-thirds of Americans over age 65 will need long-term care, either through at-home health care services in the home or an assisted living facility or nursin...
Retirement Savings: No ExcusesThe list of excuses for why it's impossible to save for retirement is endless. Some people may be just getting started in their careers...
Prudential Financial Inc.'s (PRU) first-quarter loss narrowed as the insurer posted stronger revenue from premiums, helping mask higher investment losses.Persistent ...
Dear Insurance Adviser, My wife and I have long-term care insurance and are in good health. I'm 75, and she's 73. Our insurer recently increased our premiums by 78%,...
The cost to care for a family member suffering from dementia is increasing at a rapid rate, putting adult children in a financially-tough position. According to The ...
It's not your father's retirement, thanks to health care costs.Once they retire, workers today are less likely than their parents or grandparents to enjoy the standa...
Robert Cooke-Deegan knows exactly how to scare insurance companies. When he discusses the results of his stud y, titled "Genetic Testing for Alzheimer's and Long-Ter...
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