This retirement cost is inevitable — and can be insanely expensive; Almost 70% of Americans turning 65 will need some form of long-term care
Long-term care is something not all Americans plan for, or even think about, though they should.
The numbers are overwhelming — an American turning 65 today has a 70% chance of needing some type of long-term care service, according to the U.S. Department of Health and Human Services, and though one-third of today’s 65-year-olds may not need it, 20% of them will for more than five years. Women, on average, need care for longer than a man — 3.7 years versus 2.2 years, respectively. About 10,000 people turn 65 years old every day, and will until 2029, according to Pew Research Center.
Have questions? We can help! Contact us at 407-869-9800 or click here to send us your request.