This week Jim and Cathlyn discuss a problem more retirees are facing today; outliving one’s assets. This is a potentially huge issue for the Baby Boom generation, which is expected to live longer than any previous generation. One aspect often ignored in retirement budgets is medical expenses, which figure to only go higher in the future. Most retirement planning is about getting to retirement, not getting through retirement. Jim and Cathlyn look at possible options and solutions, including long term care insurance policies. They also update a case study to illustrate the planning options. The guest this week is Yolanda York, the Social Security Public Affairs Director in San Diego who will discuss strategies and questions about taking Social Security benefits.
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