15 Key Gen X & Baby Boomer Retirement Challenges

Retirement planning can be complicated, yet it is a goal that many people look forward to and work toward. Any retirement plan should consider the costs and related burdens of aging as part of that plan.

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15 Key Gen X & Baby Boomer Retirement Challenges
1 Min Read February 5th, 2017 Updated:October 13th, 2020

You’ve planned for retirement, but what if something unexpected comes up to delay your plan? What do you do? Generation X and Late-Boomers face several retirement challenges. Some obstacles can get in your way of having a successful future retirement. 

You can read about obstacles to retirement here.

 Many retirees report they underestimated the amount of money spent on health care. Despite the risk, few plan for long-term care, which is the most expensive and impactful risk you will face as you get older.

One of the most significant risks to your retirement is the cost of long-term care. People require long-term health care at all ages, but the risk increases with age. As you get older you will see changes in your health, body, and mind. Preparing for the financial costs and burdens of aging is essential to retirement planning.

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About the Author

An LTC News author focusing on long-term care and aging.

LTC News Contributor James Kelly

James Kelly

Contributor since August 21st, 2017

Editor's Note

The problem of long-term care is both a cash flow issue and a family issue. Preparing your family and finances for the financial costs and burdens associated with long-term health care is key to enjoying a successful future retirement.

LTC NEWS Resources Help You Find Solutions

There are many resources available on LTC NEWS that help educate you about the options available to you for safeguard savings and income and reduce the stress on your loved ones. As you prepare for your future retirement, better consider the physical, emotional, and financial burdens that get placed on you and your family.

Find all the resources on LTC NEWS. One of the resources is the LTC NEWS Cost of Care Calculator, which shows you the current and future cost of long-term health care. 

You can compare the major Long-Term Care Insurance policies and get free and accurate quotes.

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Be sure to seek the right type of professional help. Premiums can vary by over 100% between insurance companies, so a skilled and trusted professional can help you navigate the many companies and options.

A qualified Long-Term Care Insurance specialist will help you obtain the best coverage at the best value. Discover your trusted pro here.

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