myRA
I was in Garden Grove, California, this week for CFA Institute's Wealth Management 2014 conference. There were many great presentations, but one loomed large for me: the session on elder care planning. At the outset, we polled delegates on the percentage of their clients that have a plan in place for long-term care costs. Fifty-five percent said "less than 25%." That's a very worrisome — although not altogether surprising — result when you consider that at least 70 percent of people over 65 will need long-term care services and the fact that most people don't realize Medicaid does not cover long-term care expenses.
Over the past couple of weeks, two of the themes that dominated headlines in the US financial press were emerging markets and retirement, specifically President Obama's "myRA" proposal. Here are a few articles on both these topics, in case you missed them, along with some other interesting reads.
As if we didn’t have enough acronyms in financial services, this week we added a new one: “myRA” — which stands for “my Retirement Account.” As Marketplace explained in a READ MORE ›