How Much Long Term Care Insurance Should You Buy?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    The #1 risk to retirement is longevity risk. That risk impacts retirement income and can increase the probability of using long term care for assisted living and/or nursing home confinement. An average 60 year old male non smoker may pay $300 a month for $7,000 a month for five years.
    Answered on July 30, 2013
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