T. ROWE PRICE PUBLISHES COMPREHENSIVE GUIDE FOR LONG-TERM CARE PLANNING IN RETIREMENT
T. Rowe Price has released a comprehensive guide titled 'Planning for Life and Long-term Care in The Second Half of Retirement: A Comprehensive Guide' along with a dedicated podcast episode in their CONFIDENT CONVERSATIONS® series. The initiative addresses retirees' concerns about long-term care (LTC) planning, which ranks among top retirement worries alongside inflation and economy.
The guide focuses on three key aspects: personal considerations (housing and support options with associated costs), financial planning (using T. Rowe Price's proprietary analysis for LTC cost estimation), and strategic planning (comparing insurance options versus self-funding approaches). The resource aims to help retirees make informed decisions about their future care needs and financial planning, supported by the firm's RETIREMENT ADVISORY SERVICE™.
T. Rowe Price ha pubblicato una guida completa intitolata 'Pianificazione per la vita e la cura a lungo termine nella seconda metà della pensione: una guida completa' insieme a un episodio dedicato del loro podcast nella serie CONFIDENT CONVERSATIONS®. L'iniziativa affronta le preoccupazioni dei pensionati riguardo alla pianificazione della cura a lungo termine (LTC), che si colloca tra le principali preoccupazioni della pensione insieme a inflazione ed economia.
La guida si concentra su tre aspetti chiave: considerazioni personali (opzioni abitative e di supporto con i costi associati), pianificazione finanziaria (utilizzando l'analisi proprietaria di T. Rowe Price per la stima dei costi LTC) e pianificazione strategica (confronto tra opzioni assicurative e approcci di autofinanziamento). Questa risorsa mira ad aiutare i pensionati a prendere decisioni informate sulle loro future esigenze di assistenza e pianificazione finanziaria, supportati dal servizio RETIREMENT ADVISORY SERVICE™ dell'azienda.
T. Rowe Price ha lanzado una guía completa titulada 'Planificación para la vida y la atención a largo plazo en la segunda mitad de la jubilación: una guía completa', junto con un episodio dedicado en su serie de podcast CONFIDENT CONVERSATIONS®. La iniciativa aborda las preocupaciones de los jubilados sobre la planificación de la atención a largo plazo (LTC), que se encuentra entre las principales preocupaciones sobre la jubilación junto con la inflación y la economía.
La guía se centra en tres aspectos clave: consideraciones personales (opciones de vivienda y apoyo con los costos asociados), planificación financiera (usando el análisis propietario de T. Rowe Price para la estimación de costos LTC) y planificación estratégica (comparación de opciones de seguro frente a enfoques de autofinanciamiento). Este recurso tiene como objetivo ayudar a los jubilados a tomar decisiones informadas sobre sus futuras necesidades de atención y planificación financiera, respaldado por el servicio RETIREMENT ADVISORY SERVICE™ de la firma.
T. Rowe Price는 '퇴직 후반기에 대한 생활 및 장기 돌봄 계획: 종합 가이드'라는 제목의 포괄적인 가이드를 공개하고, CONFIDENT CONVERSATIONS® 시리즈의 전용 팟캐스트 에피소드를 함께 발표했습니다. 이 이니셔티브는 퇴직자들이 장기 돌봄(LTC) 계획에 대해 느끼는 걱정을 다루며, 이는 인플레이션 및 경제와 함께 퇴직 시 가장 큰 걱정 중 하나로 자리 잡고 있습니다.
이 가이드는 세 가지 주요 측면에 초점을 맞추고 있습니다: 개인적 고려사항 (주택 및 지원 옵션과 관련 비용), 재정 계획 (LTC 비용 추정을 위한 T. Rowe Price의 독점 분석 활용), 그리고 전략적 계획 (보험 옵션과 자가 자금 조달 방식 비교). 이 자원은 퇴직자들이 미래의 돌봄 필요와 재정 계획에 대해 정보에 입각한 결정을 내릴 수 있도록 돕는 것을 목표로 하며, 회사의 RETIREMENT ADVISORY SERVICE™에 의해 지원됩니다.
T. Rowe Price a publié un guide complet intitulé 'Planification pour la vie et les soins de longue durée dans la seconde moitié de la retraite : Un guide complet', accompagné d'un épisode de podcast dédié dans leur série CONFIDENT CONVERSATIONS®. L'initiative traite des préoccupations des retraités concernant la planification des soins de longue durée (LTC), qui figure parmi les principales inquiétudes liées à la retraite, aux côtés de l'inflation et de l'économie.
Le guide met l'accent sur trois aspects clés : considérations personnelles (options de logement et de soutien avec les coûts associés), planification financière (en utilisant l'analyse propriétaire de T. Rowe Price pour l'estimation des coûts LTC) et planification stratégique (comparaison des options d'assurance et des approches d'autofinancement). Cette ressource vise à aider les retraités à prendre des décisions éclairées concernant leurs besoins futurs en matière de soins et de planification financière, soutenus par le service RETIREMENT ADVISORY SERVICE™ de la société.
T. Rowe Price hat einen umfassenden Leitfaden mit dem Titel 'Planung für das Leben und die Langzeitpflege in der zweiten Hälfte der Rente: Ein umfassender Leitfaden' veröffentlicht, zusammen mit einer speziellen Podcast-Episode in ihrer Serie CONFIDENT CONVERSATIONS®. Die Initiative befasst sich mit den Sorgen der Rentner über die Langzeitpflege (LTC)-Planung, die neben Inflation und Wirtschaft zu den größten Sorgen im Ruhestand gehört.
Der Leitfaden konzentriert sich auf drei Hauptaspekte: persönliche Überlegungen (Wohnen und Unterstützungsoptionen mit den damit verbundenen Kosten), finanzielle Planung (unter Verwendung der proprietären Analyse von T. Rowe Price zur Schätzung der LTC-Kosten) und strategische Planung (Vergleich von Versicherungsoptionen und Selbstfinanzierungsansätzen). Die Ressource soll Rentnern helfen, informierte Entscheidungen über ihre zukünftigen Pflegebedürfnisse und die finanzielle Planung zu treffen, unterstützt durch den RETIREMENT ADVISORY SERVICE™ der Firma.
- Launch of new revenue-generating advisory product focused on retirement planning
- Expansion of service offerings through proprietary analysis tools
- Strategic positioning in the growing retirement planning market
- None.
Insights
T. Rowe Price's new long-term care planning guide represents a strategic marketing initiative to strengthen their position in the retirement advisory services market. While the guide itself doesn't directly impact TROW's immediate financials, it serves to reinforce their $25.7B market cap asset management business by addressing a critical concern among their target demographic.
The timing is particularly strategic - with an aging population and increasing healthcare costs, long-term care planning represents a significant opportunity for asset retention and potential growth in their advisory services segment. Their proprietary analysis tools and RETIREMENT ADVISORY SERVICE™ could drive increased client engagement and assets under management (AUM), though the revenue impact would be gradual rather than immediate.
The guide's focus on self-funding analysis versus insurance options suggests TROW is positioning themselves to capture both traditional investment management fees and potential insurance-related revenues. This multi-channel approach to retirement planning aligns with industry trends toward comprehensive wealth management services.
The release of this comprehensive guide highlights an often overlooked aspect of TROW's business model - their ability to leverage intellectual capital to maintain client relationships and defend their AUM. By addressing critical retirement concerns like long-term care, which can significantly impact portfolio longevity, TROW demonstrates their commitment to client retention through education and planning tools.
The guide's emphasis on proprietary analysis tools suggests TROW is investing in technology and research capabilities to differentiate their service offering. This is important in the highly competitive asset management industry where fee compression continues to challenge traditional revenue models. The integration of these tools with their RETIREMENT ADVISORY SERVICE™ could help justify higher advisory fees and improve client retention metrics.
From an investment perspective, while this initiative won't materially impact quarterly earnings, it reinforces TROW's competitive positioning in the retirement services market and their strategy to evolve beyond traditional asset management. This type of value-added service becomes increasingly important as passive investment options continue to pressure active management fees.
New guide offers data-driven analysis and actionable guidance for the second half of retirement
T. Rowe Price has also dedicated a new episode of its podcast series, 'CONFIDENT CONVERSATIONS® on Retirement' to the LTC guide, featuring key insights from the piece as well as expertise from co-author, Lindsey Theodore.
"This comprehensive planning guide reflects T. Rowe Price's commitment to providing retirees with the tools and knowledge to make informed decisions about their future," says Lindsay Theodore, CFP®, Senior Thought Leadership Manager at T. Rowe Price. "We aim to offer clarity and confidence as retirees plan for potential life and long-term care needs."
According to a recent study by the firm, large, out-of-pocket healthcare expenses, such as LTC, ranked among the most common concerns reported by retirees, just behind inflation and the economy. With this in mind, the guide focuses on three important factors to maximize LTC resources:
The Personal: The guide begins by offering detailed information about the various housing and support options available to aging individuals, along with the costs associated with each option.
The Financial: Retirees can then estimate LTC costs using T. Rowe Price's proprietary analysis, which considers their housing and care preferences, health and family medical history, and the actual LTC expenses incurred by other retirees.
The Planning: The guide then provides objective information about available products, including insurance, that can help alleviate potential pressure on income and assets. It suggests strategies to mitigate risk within a self-funding plan and provides a proprietary analysis comparing long-term care insurance to self-funding. The analysis focuses on the assets remaining at the end of life and how having insurance can enhance the likelihood of a plan's success, compared to relying solely on self-funding.
Theodore continued, "The second half of retirement is often filled with unique challenges which require thoughtful preparation and a clear understanding of the risks and planning options available. We are committed to providing actionable information through resources such as the guide and the podcast episode, as well as personalized guidance and one-on-one support through our RETIREMENT ADVISORY SERVICE™. Our goal is to ensure that individuals feel empowered and prepared at every stage of their retirement journey.
ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages
IMPORTANT INFORMATION
The T. Rowe Price Retirement Advisory Service™ is a nondiscretionary financial planning and retirement income planning service and a discretionary managed account program provided by T. Rowe Price Advisory Services, Inc., a registered investment adviser under the Investment Advisers Act of 1940. Brokerage accounts for the Retirement Advisory Service are provided by T. Rowe Price Investment Services, Inc., member FINRA/SIPC, and are carried by Pershing LLC, a BNY Mellon company, member NYSE/FINRA/SIPC, which acts as a clearing broker for T. Rowe Price Investment Services, Inc. T. Rowe Price Advisory Services, Inc. and T. Rowe Price Investment Services, Inc. are affiliated companies.
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SOURCE T. Rowe Price Group, Inc.
FAQ
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