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Accessible Finance Episode 43: Retirement Part 5 - Long Term Care
This week we explore Long Term Care costs and how they may impact your financial plan.
If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected]. We will anonymize your personal information. Thanks!
What LTC (Long Term Care) costs can you expect in retirement?
The national average stay in a nursing home is 2.3 years according to the National Care Planning Council, and local providers can cost up to 10k/month. Assuming your stay is in line with the national average and you prefer a location similar to Lambeth House, we are talking about 280k in today’s dollars.
If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected]. We will anonymize your personal information. Thanks!
If you have questions, topics, or a scenario of your own that you'd like us to incorporate into our podcast, please direct them to [email protected] or visit us on our website at equilibriumfp.com.
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By Eric Johns CFP®, EA, MBAThis week we explore Long Term Care costs and how they may impact your financial plan.
If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected]. We will anonymize your personal information. Thanks!
What LTC (Long Term Care) costs can you expect in retirement?
The national average stay in a nursing home is 2.3 years according to the National Care Planning Council, and local providers can cost up to 10k/month. Assuming your stay is in line with the national average and you prefer a location similar to Lambeth House, we are talking about 280k in today’s dollars.
If you would like us to discuss your specific scenario without providing financial advice, feel free to write to us at [email protected]. We will anonymize your personal information. Thanks!
If you have questions, topics, or a scenario of your own that you'd like us to incorporate into our podcast, please direct them to [email protected] or visit us on our website at equilibriumfp.com.