Will I have money until I die?

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[Post New]08/25/2014 14:05
quote
Anonymous
OTAlexFA wrote:Do you have long-term care insurance in place? If not, and you eventually require care, you'll burn through that money quickly.

Actually long term care cost would probably be cheaper than 90k a year.
[Post New]08/25/2014 15:18
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Anonymous
You'll be fine as long as you die within 10 years. You'll even have a few hundred $k to leave to your children. With proper planning your finances and ultimate demise should work out perfectly.
[Post New]08/25/2014 15:22
quote
OTAlexFA
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Anonymous wrote:
OTAlexFA wrote:Do you have long-term care insurance in place? If not, and you eventually require care, you'll burn through that money quickly.

Actually long term care cost would probably be cheaper than 90k a year.


According to LongTermCare.gov, in 2012 around the DC area, the average nursing home (semi-private room) was over $93K/year. A private room in a nursing home cost over $109K.
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