The Biggest Risk to Your Golden Years — It’s Not What You Expect
Filed under: Retirement, Health Care
It Isn’t What You Expect
Two hints: it’s not inflation, and it’s not taxes. The biggest risk to your nest egg is a long-term care event.
With the average cost of long-term care in an assisted living facility at $3300 per month, a $100,000 nest egg could be wiped out in two-and-a-half years. A private room in a nursing home at an average daily rate of $222 will decimate that $100,000 balance in just 15 months. Still worse, the cost of long-term care has increased nearly 6% annually…
The Biggest Risk to Your Golden Years — It’s Not What You Expect originally appeared on DailyFinance.com on 2012-08-21T09:00:00Z.
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