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Reply to "How much are you budgeting for long term or elder care?"
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[quote=Anonymous]High earner here. Expecting to spend a high amount in retirement. That will cover both my wife and I without dipping into savings if we need LTC. Even if one of us has to go and one stays home we should have enough spend. I get this is not an option for most. The best advice I heard was similar to a PP. Put away 250k at the time of retirement. Fully invested. If you retire at 65 and need it at 85 it will probably be a million plus. Use that. It may run out but it also may not.[/quote]
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