24/06/2024

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6 Long-Term Care Myths That Could Impact Your Retirement | Money & Finance

6 Long-Term Care Myths That Could Impact Your Retirement | Money & Finance

(StatePoint) When it comes to planning their retirement, most people will rely upon their savings, 401(k)s and other forms of income to provide the security they will need for that phase of life.

However, many don’t consider a crucial need for their later years: long-term care insurance.

In fact, a recent Forbes study revealed only about one-quarter of adults nearing retirement have seriously considered getting long-term care insurance or a savings account dedicated to long-term care expenses.