56% Willing To Dip Into Retirement Savings To Be A Family Caregiver

When it comes to the prospect of providing long-term care (LTC) for someone in their family, about 56% of those aged 28 and older (Millennials+) in the U.S. say they are willing to take a loan from their retirement account to provide such care, according to the results from a recent Harris poll for Nationwide regarding retirement and caregiving. About 73% believe they can be a caregiver without dipping into their savings to cover day-to-day expenses, and 72% say that they are financially prepared for current or potential caregiving responsibilities that could arise. However, 43% believe . . .