8040 Ortonville Road,
As the oldest Baby Boomers begin to move through their 60s, the biggest concern may not be outliving income but outliving good health.
For seniors, home health care can cost $50,000 or more per year1, and nursing home care can run as high as $80,0002 a year. Does your retirement plan account for this possibility? Would you be prepared for twice that amount as a married couple?
When asking yourself these questions, there are two critical components to consider. Remember, planning is everything when it comes to long-term care.
We can help evaluate your situation and determine the right course of action for your particular needs. This can go one of two ways.
1 Genworth Cost of Care Survey, 2010
2 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs, 2009