What about long-term care?
We all can agree on the importance of having a healthy lifestyle: a good diet, lots of exercise and regular medical check-ups. It is a well-known fact that we indulge in this lifestyle only to have less to suffer as seniors and retirees.
But you still have to be prepared for the unpredictable. Whether it’s you or a loved one, it can happen to anyone. A survey found that the national median cost of assisted living is $48,612 a year, and the prices are increasing every year.
Luckily, you have a couple of options to raise money for proper care, but they’re pricey. If you have enough money saved for this situation, you can consider long-term care insurance.
You can also dig some information about a qualified longevity annuity contract, known as QLAC. Yes, you’ll need to invest a small amount of money when you’re younger, but the QLAC will take care of your healthcare when you turn 85.
We hope you have the will to do the next one…..
