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Long-term care planning is one of the most important tasks on your to-do list when preparing for retirement. Around 70% of adults (1) who survive until age 65 develop “severe” long-term care needs before they die, and 48% receive at least some paid care over their lifetime according to the Office of the ****** istant Secretary for Planning and Evaluation.
Unfortunately, the costs of care can blow through your nest egg, with the annual median cost of an ****** isted living facility totaling $70,800 per year and the annual median cost of a semi-private room in a nursing home totaling $111,325, according to the Genworth Cost of Care Survey (2).
Robert Kiyosaki says this 1 ****** et will surge 400% in a year and begs investors not to miss this ‘explosion’
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