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[quote=Anonymous]Someone upthread asked about extra expenses in retirement that they don't have now. Unless you get health benefits from the military, that is a big one. Especially if you r health begins to decline. Even on Medicaid you can spend thousands per year between premiums and prescriptions. Another related expense is long-term care insurance or alternatively paying for a nursing home. My MIL got long-term care insurance and paid $5K per year for it for about 12 years. Lucky she did because she's now in a nursing home. If she didn't have the insurance, she'd be looking at about a $5K-$6K per month nursing home expense or using medicaid and going through all of her assets. Health and healthcare is always the big question mark in retirement.[/quote]
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