Planning for Long Term Care

July, 2021

Long-term care costs can deplete your assets at an alarming rate.  Many people will enter a nursing home during their lifetime where 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…

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by: Gina M. Barry

Prime
July, 2021

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