Mom and Pop Investors’ Growing Place in the Market

This week in our Retire with Money Facebook group, members discussed long-term care insurance. One member asked: “Looking at a hybrid long term care policy — does anyone have thoughts about this? I may also be able to self-insure. I'm 65.” Hybrid policies combine life insurance with long-term care insurance. They’re more expensive than traditional long-term care insurance, in that you pay more for a smaller care benefit when the time comes. But they do have their advantages. One member replied, “If you want control over the type of care you get, then having a hybrid is an important option...I researched this a lot as I have three decades in health care. I chose a hybrid through Nationwide as I want payment to come to me and I determine who and what I pay for.” Flexibility is very important, although I’m guessing that by the time most folks need long-term care, it’s their loved ones who will be coordinating the coverage and receiving the funds, not the beneficiary. That makes communicating your wishes all the more important. Learn more about long-term care insurance here.

A Behavioral Scientist's Advice for Changing Your Life

One tip:  If you know when you might procrastinate, impose a fine on your future self and commit to paying if you don't follow through with your goals. NPR

Successful Aging in Place Doesn't 'Just Happen'

Money Wisdom From Vanguard's Jack Brennan

It’s very hard to beat the stock market, the former CEO cautions. REUTERS

Bitcoin’s Trading Action Lately Is Wild Even by Crypto’s Standards

And experts say the drama isn’t over yet. CNBC

Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.