12. Get Ready for Long Term Care
The first things you should know about long term care: it doesn’t come cheap and it’s not always covered by Medicare. Don’t leave making a plan until it’s too late, as it’s easier to take care of this when you’re younger.
You could buy long-term care insurance, think about a reverse mortgage or even long-term care annuity or living benefits from a life insurance policy. But these are all options that you should think of early on in order to save up money in the long term.
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