Hosted on MSN

I’m 62 and setting aside cash in case I end up in a Florida nursing home one day — but with average costs now over $10K/month, how much will I need?

Once you turn 65, there is a 70% chance you’ll need long-term care. (1) And it isn’t cheap. Genworth’s 2024 Cost of Care Survey puts the median cost of a semi-private nursing home room in the U.S. at ...

I’m 62 and thought I was ready for retirement in Florida, until I saw that nursing homes cost $10K a month. How much should I really be setting aside?

Long-term care is one of the biggest financial wild cards in retirement, and the odds aren’t in your favor. By 65, many ...
AOL

I’m 62 and setting aside cash in case I end up in a Florida nursing home one day — but how much do I actually need?

Once you turn 65, there is a 70% chance you’ll need long-term care. (1) And it isn’t cheap. Genworth’s 2024 Cost of Care Survey puts the median cost of a semi-private nursing home room in the U.S. at ...