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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So much depends on two things: if your mortgage is paid off or not, and the lifestyle you want to live when you're retired. It's obviously a lot more manageable if you're only paying property taxes and homeowner's insurance. And then lifestyle: we like to hike, ride our bikes, see an occasional movie. Maybe eat out or go for a drink a couple times a month. I don't need millions of dollars to do this. Yes, my health care costs will likely go up. But this idea that you'll need to pay for assisted health care for 10-20 years isn't the reality. The vast majority of people, when they get so ill they need constant medical attention, do not live decades with said condition. [/quote]

Yes...people act like they will be living forever in a nursing home. Average lifespan in a nursing home is 14 months. [/quote]

What are you planning for?  If you are just planning for the most likely thing -- 51% chance then you are fine.  And maybe that is all you end up with so you have no choice.  I want my chances just a bit higher.  So yes you plan for assisted living and not just 14 months because that is the average.  If you overplan you can leave it to your kids.  Every scenario cannot be covered but if you have that chance you should cover 85-90% of possible outcomes.[/quote]

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