Insurance

The Center for Retirement Research at Boston College published an article that discusses the comparative costs of long-term care.

The post includes a U.S. map (originally created by Genworth) that shows state by state data on the annual cost of a semi-private room in a nursing facility.

Annual costs range from $45,000 to $273,750 in Alaska.

Data is based on 15,300 U.S. nursing homes.

The median national price for a private room is $222 per day or $81,030 per year.

This discussion topic was originally posted in the form of a comment.

The general topic is how annuities compare to bonds.  It is a natural question since both annuities and bonds provide owners with fixed payments.

We moved the comment here so that it can surface to a larger audience and hopefully generate further discussion and comments.

As noted below, the conceptual basis for this content is based on a great paper written a few years ago by Jason Scott--the Director of Retiree Research at Financial Engines.

The original post is as follows:

News on a recent deferred income annuity product release from New York Life: