According to the Department of Health and Human Services, at least 70 percent of people over 65 will eventually need long-term care, either at
home or in a nursing home, and that can be very expensive. The average stay for a woman entering a nursing home is almost four years; if she’s in a semiprivate room, that cost in San Diego is about $375,000. For married couples, the chances that one spouse will need long-term care rises to 91 percent.
Long Term Care is the #1 Financial Risk faced by retirees. US Govt. statistics tell us that 70% of Americans over 65 will eventually need long-term care for an average of 30 months.
You have saved for many years and now looking forward to a great retirement.
We financial planners constantly talk about the need to save for retirement. Max out all available retirement account & invest personally, and one day, when you are ready to retire, that portfolio will become income for you. Some pre-retirement points to consider
Anyone interested in making MORE money? One way is to only pay your “fair share” of income taxes! So — how much did you pay in 2014?
What do the stock market, trees and escalators have in common? Only two have gone up since 2009. This year should be OK (but it won’t last forever).