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Long term care: Strategies to plan for the costs

November 1, 2019

Long term care costs can deplete your assets at an alarming rate. Many people will enter a nursing home during their lifetime here they will incur the average monthly cost of $13,000 for an average stay of 2.5 years. To make matters worse, you may have spent the majority of your life working and building your assets so that your retirement will be well funded, yet retirement comes at a time when the possibility of catastrophic illness is more likely. Planning ahead will mean the difference between spending your assets to finance any needed care and preserving your assets for your family

You may read more at the link below.

by: Gina M. Barry

November 1, 2019

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