Long-term care for Baby Boomers is ‘quickly becoming a crisis,’: Carson Group

Carson Group Managing Partner of Wealth Solutions Jamie Hopkins joins Yahoo Finance Live anchors Jared Blikre and Dave Briggs to discuss risks Baby Boomers and other generations face when saving for retirement, long-term care concerns, and demographic shifts affecting retirees.
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[Dmindthinker]

By the age 60 they recommend only 286, 000 in savings for retirement. This is why people aren’t taking experts seriously.

[carefulconsumer]

Why are politicians sending $100 Billion to Ukraine when Americans need help? Add to that the crippling inflation that's destroying Americans.

[boondoggle]

Aren’t boomers the wealthiest generation in American history? And they don’t have enough for retirement?

[mojojeinxs]

Work in a long term care facility the cost is $7 grand to $12 grand a month. Peiple are living longer but not better. Be a DNR with a living will.

[jayjones]

Sadly a lot of millennials aren't and won't have kids, so we won't have that long term care.

[CCRob]

They will be back in the labor market in their 80s.

[hectormunoz]

What happens when you have to care for your parents and kids as a boomer

[JojoLannister]

What if at 60, only $20k savings but own 3 rental unit condos. Does that included in the data mentioned?

[stef]

that's seems way too low, I would get some investments like KO stock which pays good dividends and look for other small things that can help

[powerequalsgod]

Allot of the naysayers regarding a coming real estate sell off supercycle have yet to even critically think about the problems of the Boomers who will become fragile and disabled who can not manage aging in place needing full time assistance. Even the medical professionals know allot of residential housing and apartments are not designed and suitable for old people to inhabit need to relocate to a more suitable location. Hence senior living communities. These locations investment wise are going to be on very hot hot demand an presents a major challenge of affordable for seniors and disabled people retired. The lack of assisted care is the other problem which will be a nightmare.

[leifharmsen]

Corolory: ... quickly becoming an opportunity.

[topeoplebenice]

👍👍👍. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market. i was at a seminar and the host spoke about making over $972, 000 within 3 Months with a capital of $200, 000. i need to know how to go about it.