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Americans turning 65 now have about a 70% chance of needing long-term care in the future. You might assume that Medicare will pay for all your long-term care needs, but you’d be wrong. Medicare does provide some benefits, but only under very specific conditions. So What Does Medicare Cover? Medicare does cover some long-term care if you meet the following criteria: You have had a hospital admission with an inpatient stay of at least three days You are admitted to a Medicare-certified nursing f

One often-cited guideline for determining asset allocation when planning for retirement is that you should subtract your age from 100 to find the percentage of your investment portfolio that you should keep in stocks. For example, it suggests if you're 40, you should keep 60% of your portfolio in stocks. And if you're 50, you should reduce that ratio to 50% with the remainder in other sources like bonds and cash equivalents. It's tempting to reach for a solution to deal with something so comple

Determining an appropriate mix of investments and matching those choices to your retirement goals is a keystone of successful retirement planning. If your eyes glaze over when someone starts talking about asset classes, diversification and allocation, you're not alone. Here's a quick guide: What Is an Asset Class? The three most common asset classes are stocks, bonds and cash. An asset class is a group of investment vehicles that usually behave in the same way - their price and profitability te