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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[@Dmindthinker011]

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

[@boondoggle4820]

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

[@carefulconsumer8682]

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

[@CCRob720]

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

[@hectormunoz6498]

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

[@xithbaby]

Aww, are you feeling the effects that your generation caused by voting against their own interests your entire lives? How is trickle down economics working for you? Sniff sniff

[@MrWaterbugdesign]

It is odd that people talk like Boomers are off on their own. I'm 67 and my Dad is still alive, Mom just passed last month. I don't have kids but know Boomers with kids still in school and/or struggling because they want dream jobs, got useless degrees.

[@smoochie3331]

Sugar daddy industry is booming lol

[@mojojeinxs9960]

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.

[@MrWaterbugdesign]

OR get on a plane and move to any one of a bunch of countries offering much better care for $2k/mo. Costa Rica has offered long term care to expats for decades. Start out in a villa and transition to more care as needed. SE Asia is a great option too.

[@jayjones7891]

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

[@MrWaterbugdesign]

Excellent long term care is available to Americans in many other countries.

[@JojoLannister]

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

[@xithbaby]

You’re a leech. People aren’t going to pay for you to survive forever and when the banks take your condos, we will laugh.

[@JojoLannister]

@@xithbaby all 3 condos paid off!

[@stef9419]

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

[@1powerequalsgod]

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.

[@tremors536]

Ryan Reynolds older brother 😅

[@leifharmsen]

Corolory: ... quickly becoming an opportunity.

[@rotekanale8124]

Pump and dump?

[@topeoplebenice914]

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[@topeoplebenice914]

@Sandra Barbs there's a lot of money to be made in crypto. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up. Please do you mind sharing any means of reaching out to him easily? I'm really interested

[@ismailhamza619]

So delighted seeing my broker talked about, This was exactly how I got recommendation about Nick Dranchak , At First I was a bit skeptical but eventually I gave him a trail with my little investment and I got huge profit.

[@topeoplebenice914]

@Sandra Barbs Ok, just found his website, impressive, Thank you