Americans are living longer and that very well could include you.
If there is one thing you need to know about long-term care it's that it's REALLY EXPENSIVE.
As you age, you are going to get sick and eventually that could mean someone needs to come to your home to help with daily tasks or maybe even heading to assisted living or a nursing home.
Now the price tag on all this varies state to state there are plenty of calculators out there to help you get an idea of what it will cost in your state.
But if you think Medicare will pick up the bill... think again. Neither will your regular health insurance.
So if you had to buy long term care Insurance... what you pay Depends on your age, health and marital status. For many, the premiums will probably run you at least $200 a month.
So, do you really need it? Well, you definitely need a long-term care plan.
All things considered, you may be better off putting an amount equivalent to that monthly premium payment into a Roth IRA.
But the future is sketchy, but make sure you start having these conversations.
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