Commentary: How to pay for LTC is critical as retirement nears

A serious consideration for those nearing retirement should be how they will pay for long-term care, writes Jane Young, a certified financial planner. Purchasing long-term-care insurance is an easier decision for wealthier people, but it “is more complicated for those who can’t afford to self-insure but want to protect their assets to provide a livelihood to a surviving spouse, an inheritance to children or want to avoid being a burden to family,” Young writes. The Gazette (Colorado Springs, Colo.) (7/19)