Retirees need 85 grand for long-term care coverage; will spend much more to do it themselves
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Retirees need 85 grand for long-...
July 08, 2008
Joan Bloom, senior vice president, Fidelity Investments Life Insurance Company, reported on a new study done by her firm which showed that a 65-yea... More
Joan Bloom, senior vice president, Fidelity Investments Life Insurance Company, reported on a new study done by her firm which showed that a 65-year-old couple in 2008 will need $85,000 to insure against long-term care expenses, and noted that providing for uninsured retirees could cost the average family caregiver more than $140,000 in expenses, lost wages and more. In another interview from "Your Money with Chuck Jaffe," Warren Baker of the Elder Law Resource Center discussed the importance of having durable powers of attorney. Less
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