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[quote=Anonymous][quote=Anonymous]Boomers who have achieved wealth are likely to die with a lot because of the way we handle elder care. [b]They’ve saved a ton to try to protect themselves from a bad nursing home, and if they don’t end up needing long term care, they don’t get a chance to spend it. [/quote][/b] Both my grandmothers spent a long time in nursing homes so my parents have long-term care insurance plus large savings. My dad just died at home. He never had to go to a nursing home and his only hospital stay was less than a week about 2 months ago. My mom is in reasonably good health and going to live with my sister so, hopefully, can live at home a long time. So, we're likely to end up with a significant inheritance but it was also possible, given family history, that one or both could have had Alzheimer's and expensive long term care, even beyond what their insurance would cover.[/quote]
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