Back on October 29, 2009, I gave you a brief overview of the Community Living Assistance Services and Support Act (CLASS Act), the long-term care insurance plan that’s within Obamacare. And as I wrote, the plan wouldn’t do a heck of a lot to help with expenses in case your health changed. Well, look at what someone else has to say: According to The Washington Times, Health and Human Services Secretary Kathleen Sebelius, in a February 16 testimony before the Senate Finance Committee said that the CLASS Act “is at significant risk for failure.” And it’s not even off the ground yet! You can read the full Washington Times article by clicking here. The point to take away here is that you cannot count on the government to protect your assets and provide for you as you get older. The time to start planning is today. Best wishes, George P.S. I’m now on Twitter. Follow me at http://twitter.com/efinancialwrite for frequent updates, personal insights and observations on how to have a healthly retirement. If you don’t have a Twitter account, sign up today at http://www.twitter.com/signup and then click on the ‘Follow’ button from http://twitter.com/efinancialwrite to receive updates on either your cell phone or Twitter page.