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Reply to "WaPo on Net Worth"
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[quote=Anonymous][quote=Anonymous]A lot of people on this forum have financial planners. A family member of mine has one and he recently told her she and her spouse need 6M + long term care insurance just for elder care.[/quote] My mom recently passed away after spending 12 years in assisted living. Her ltc insurance covered it and the total was about $400k. Her level of care requirement was not very high until the last year of it. Most people don’t spend more than 2-3 years in assisted living before they pass away. All this is to say that $6m seems vastly excessive.[/quote]
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