More than 50% of senior citizens will need long-term care at some point in their lives, and a private room in a nursing facility can come with a six-figure price tag. In this video, Certified Financial Planner® Matt Frankel discusses the basics of long-term care (LTC) insurance and why you should start thinking about it before you retire.
Don't let unforeseen costs destroy your hard-earned retirement nest egg.
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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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