As published in BenefitsPro By Paula Aven Gladych Most consumers aren’t sure they will be able to cover their long-term care costs in retirement. That lack of confidence increases as people age. A report by The Insured Retirement Institute found that 28 percent of Generation X are confident they will be able to meet their long-term care costs, but only 24 percent of Baby Boomers have the same opinion. “There’s an out-of-sight, out-of-mind mentality regarding long-term care,” IRI President and CEO Cathy Weatherford said. “As…

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2011 was a benchmark year for the Baby Boomer generation, marking the beginning of the Silver Tsunami. By the time the clock strikes mid-night and we welcome 2012, almost 4 million people in the Silver Tsunami era will have turned 65 years of age. During the 365 days of 2011, ten thousand Americans turned 65 each and every day. 2012 is only the second of a twenty year journey where that pace continues annually until it ends with almost 80 million Baby Boomers crossing the…

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