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How Should I Finance Assisted Living?

September 27, 2020

From the U.S. News & World Report website

As the population of adults over age 65 in America continues to increase, many are facing a serious dilemma over how to finance the care they’ll need in their golden years.

Financing assisted living and other forms of long-term care after retirement is a bit like an absurdist word problem in sixth grade math class: If you retire at 65 and need to enter an assisted living facility 10 years later, how much money will you need to pay for the impossible-to-predict level of potentially very expensive health care you’ll need over what could be a similarly hard-to-estimate 10- to 30-year or longer timeline?

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From → Finance

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