Apr 28

Money-saving strategies to plan for long-term care

By MD for Seniors

Budgeting for a long-term care savings account makes planning easier.

It can be an incredibly daunting task to budget for a loved one’s long-term care.

While most seniors have financial plans in place to support themselves through retirement, be it through pension programs, 401(k)’s or personal savings accounts, the costs of long-term care are typically left out of these preparations or exceed the original budget. As a result, many older adults who end up needing this specialized care don’t have all the funds together to cover it.

If seniors don’t have enough money saved away and long-term care becomes necessary, their loved ones can be left in a tight spot …read more

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