A common question about the monthly cost of long term care expenses is often asked to me by my clients. The average long term care cost per day in the Unites States is around $175 per day in 2008 and increasing yearly. That equates to an additional $5,250 expense per month! Like most retirees trying to live on your portfolio income it is hard enough let alone factoring in an extended care expense that could last years.
With the average Long-Term Care claim lasting a little over 3 years; planning for this expense is crucial for retirement income longevity. Explore Long Term Care Insurance planning.
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