Before smartphones and ever-present electronic distractions we entertained ourselves by….wait for it….reading!  One of my fondest memories of visiting my grandparents was looking for the last couple of issues of Reader’s Digest.  Great stories, comic relief, and you just may learn a thing or two.  With that in mind I proudly refer you to an article just published by Reader’s Digest.  Here is a sample…read the whole article here: https://www.rd.com/advice/saving-money/retirement-mistakes-that-will-ruin-your-retirement/.  We can help you with #2, and our friends at www.mylongevityquest.com can help you with #4.

15 Retirement Mistakes That Will Ruin Your Retirement

“Long-term care poses one of the biggest threats to your nest egg. “One year in an assisted living facility is an average of $43,200, and a nursing home is nearly twice as expensive,” says Peck. “Medicare and health insurance plans do not cover long-term care. Consider getting long-term care insurance.”

Long-term care insurance helps pay for adult day care, respite care, stays in Alzheimer’s special care facilities, assisted living facilities, nursing homes, and hospices. Long-term care insurance also typically pays for in-home care like skilled nursing, rehabilitation therapy, and personal care like bathing and dressing. Some employers offer long-term care insurance as part of their benefits package. However, those are the exception, not the rule.”