One of the biggest risks in retirement is the cost of long term care. Do you buy an insurance policy ahead of time or pay out of pocket when the time comes?
In this week’s video, Tom discusses this difficult topic and lays out what long term care costs on average. He also offers a solution for folks that will receive care from family members.
Planning for health care costs in retirement is uncomfortable, but it could make all the difference.
Cost of Care Survey – Genworth
An Action Plan For Long Term Care – Morningstar
Paying For Long Term Care – Morningstar
The 3 Stages of Retirement – Mullooly Asset Blog
The Cost of Long Term Care – Mullooly Asset Show – Full Transcript
Check back soon for an updated transcript!