5 Ways To Pay Long-Term Care In Retirement

5 Ways To Pay Long-Term Care In Retirement

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Long-term care (LTC) is expensive. Even bottom-of-the-barrel care can break the average retirement income plan. The problem is exponentially worse for married couples who face increased odds of one or both spouses needing long-term care. Depending on where you retire, the average cost of a private room in a nursing home is more than $100,000 per year. That’s today, and it will likely be even more expensive by the time you need care.

 

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