reducing the impact on other savings or cash flow. One of the first considerations retirees face is whether to self-fund long-term care costs or buy coverage. Self-funding, or paying for care out ...
And the expenses people face can vary. Carson stated that about 25% of individuals spend less than $25,000 on long-term care, a cost that may feel manageable for many. However, approximately 30% ...
Covering the costs of long-term care, whether at a facility or at home, can be a major financial burden for both affected individuals and their families. The best way to prepare for this expense is to ...