6 Options (or not) for Funding Long-Term Care Costs
It is estimated that one year of home health care – which averages roughly $44,000 nationally per year today – will cost approximately $96,000 by year 2032 (assuming a 4% rate of inflation, 40 hours/week).
The unpredictability of a chronic illness or long-term care event requires consideration of all the options available. Read more
3 Risk Management Solutions: Going “Long” on Longevity
64% of retirees who file for bankruptcy do so because medical expenses have wiped out their savings.
Before retirement, market volatility and inflation are top of mind risks to manage. During retirement, in addition to managing these risks come the risk of:
– living too long,
– annually increasing healthcare costs depleting savings, and
– leaving inadequate income for a surviving spouse.