Week 50 Day 6: Long-Term Care: The Risk Nobody Wants to Think About

Approximately 52% of Americans over 65 will need some form of long-term care -- assisted living, nursing home, or in-home care. The average cost is $55,000-$110,000 per year, and Medicare does not cov...

Approximately 52% of Americans over 65 will need some form of long-term care -- assisted living, nursing home, or in-home care. The average cost is $55,000-$110,000 per year, and Medicare does not cover it. Long-term care can deplete a retirement portfolio in just a few years. This is the hardest insurance decision you will face because the options are expensive, complex, and emotionally fraught.