“We have a long-term-care framework ... based on the health and retirement study ... we simulate needing care and use cost assumptions”
♫
Said on The Long View
“If you ignore long term care costs… our estimates from that 40 to 45 percent number came down around 25 percent.”
Spencer Look · The Long View · Spencer Look and Jack VanDerhei: The Assumptions That Can Put Your Retirement at Risk
Play from 8:44
8:44
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What was described
Ran a version of the retirement model that excluded long-term-care costs to see the impact on shortfall rates
40-45% shortfall with LTC included; 25% shortfall when LTC excluded
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