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52% of people turning 65 are going to need some type of long term care over their lifetime. Aging parents is something many of us are going to have to deal with at some point in our lives.
In this episode, Greg DuPont talks about how important it is to start budgeting for your future healthcare costs and figuring out how your parents can budget for theirs. With the right planning, you can make this inevitable journey a lot smoother.
Greg discusses:
- The nationwide average cost of elderly care per month
- The difference between long term care and assisted living
- How many retirees end up with dementia or some health issue
- Strategies to help you save on long term care in the future