A recent article published by Kiplinger outlines your options for funding an extended healthcare (or long-term care) need. Here is the intro and link to the website:
For many retirees, the term “long-term care” is typically associated with a nursing home. As we age, there is a greater chance we will need some sort of long-term care in the future. According to the U.S. Department of Health and Human Services, 70% of people over 65 will need long-term care at some point in their lives.
The worst part is that many will not (or do not want) to discuss the need to plan until it is possibly too late. The good news is that you have many options, but you might need to get a little creative. Take one of my clients, as an example. Fifteen years ago, at age 60, she had purchased long-term care insurance policy, and over the years…(continue reading)
