A monthly estimate for long term nursing home care is about $9,000. Subtract from that amount of your social security, pension and a percentage of assets you may have and the result is your estimated shortfall. It is actually more complicated because you have to figure how long you will live and how long your assets, if any will last. The most important item is to know you are looking at $9,000 a month in care costs...today!
Just think if you and your spouse enter the nursing home at the same time...$18,000 per month. OUCH!
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