Robert Pokorski, MD, MBA, is a consultant and public speaker with expertise in longevity, long-term care, and the decline of cognitive and financial ability at older ages. He specializes in educational meetings for financial professionals and consumers. He may be contacted at [email protected].
Some clients will never reach a point where their illness triggers a long-term care insurance benefit, usually because death occurs at an earlier stage of disability.
People are living longer with chronic diseases, and that will impact their retirement finances as well as their quality of life in the post-employment years.
Retirees and preretirees often hope for a Goldilocks financial world where investment returns increase year after year, nest eggs are more than adequate to support a long retirement, and there’s money left over to fund bequests to children, grandchildren and favorite charities.