Boomers may need to think differently when it comes to planning for their retirment. Extending life expectancy seems like a good thing, however, one of the problems is that long lived seniors may outlive their savings. A recent study has found that family members caring for an aging parent or spouse spend approximately 10 percent of their household income on this care. According to the National Alliance on Caregiving, things such as groceries and household goods, drugs and medical co-payments, and transportation are the most commonly purchased.

This means that boomers now need to think about paying for their parents in addition to themselves when they retire. To see the article in full, go to http://ezinearticles.com/?New-Considerations-When-Planning-For-Retirement&id=863386

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