Suze Orman Quotes

Invest in people who will take care of you when you're old.

The fact remains that most of us are anesthetized to the true cost and true value of long term care insurance.

The best tool today is longevity insurance - they call it income insurance. Most people know the value of life insurance. But what if you live? So instead of trying to guess one or the other, you plan for those 20 years and you get this income insurance. If you live beyond 85, you have money that's guaranteed for as long as you live in the form of an annuity.

To enjoy a long, comfortable retirement, save more today.

Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.

I think about my grandfather who's 89 years old, and the last thing he needs is more money out of his pocket.

Once you're retired and are no longer counting on earned income to live on and supplement your nest egg, you're done with disability insurance. At that point, though, the need for long-term care insurance - which protects you from spending that nest egg too fast - takes over.

Part of the middle class promise is that, after a lifetime of hard work, you'll be able to retire and enjoy the fruits of that labor. Medicare was established to secure that promise.

L.A.'s not a good place to grow old.

We are thinking ahead to long-term care, aware that many folks don't plan ahead and won't be ready. We want to see to it that people will have choices.

We all understand that we are living longer, and we are more likely to spend more years as frail, elderly people who can't work. We also recognize that the wonderful advances in medicine also come with wonderful price tags. Those are things you can't budget around.

I think it’s a nutty idea to fool around with the Social Security system and run the risk of hurting the people who have been saving all their lives…. It may be a new idea but it is a dumb one.

Payroll savings plans are vital because they are essentially the only way that middle-class Americans reliably save for retirement.

Economically anxious, many parents see their children's accomplishments as a sort of insurance against the financial challenges of old age; high-achieving kids, this logic goes, will become high-earning adults and therefore be better able to help Mom and Dad pay for the assisted-living facility in a few decades.

Doing right by our seniors isn't just about making the right decisions today - it's about ensuring that every generation of Americans can have a strong and secure future.

In America, we make a promise to seniors: After a lifetime of working and contributing to this country, you'll earn the benefit of a secure retirement, good health care, and peace of mind in your later years. To me, that's a commitment we have to keep.

Every American must be guaranteed dignity and independence in their retirement.

I want a comfortable old age and to be looked after - I have arthritis - and money is a factor.

We need to make sure people continue to have access to retirement plans because everyone deserves the opportunity to retire with dignity and financial independence.

A society that does not value its older people denies its roots and endangers its future. Let us strive to enhance their capacity to support themselves for as long as possible and, when they cannot do so anymore, to care for them.

Most economists, including me, agree that longevity insurance would make sense for a lot of people.

The issue of the pension gap has got to become visible and important to millions of people before Washington will respond seriously. Right now, everyone thinks it's his or her own problem and that individuals have to do better and save more. Of course, that is true. We all have to save more and take responsibility for our own retirement. But we have a huge social and economic problem on our hands.

You don't have to talk to me about pensions. I won't be around long enough to collect one.

Social Security is the foundation stone of that kind of retirement security. It not only needs to be strengthened in order to make sure it's there for younger baby boomers and Generations X and Y, but it probably needs to be strengthened and expanded because the retirement benefits now being offered by most employers are not sufficient to support middle-income Americans in their long years of retirement.

What does it profit a 78-year-old woman to sit around the pool in a bikini if she cannot feed herself?