Morningstar study on long-term care costs gets pushback from think tank

A new Morningstar report warns that long-term care expenses could dramatically undermine the financial readiness of American retirees. But the study’s conclusions are facing pushback from a Washington-based policy expert, who argues the analysis exaggerates households' actual exposure to those costs. In "The Overlooked Cost: How Long-Term Services and Supports Impacts Retirement-Income Adequacy," Morningstar researchers Spencer Look and Jack VanDerhei used a proprietary model to simulate the retirement outcomes of American households under two conditions: one that includes long-term services and...