You can still save money if you’re over 50 and worried about your retirement savings. It’s never too late to construct a thorough financial strategy to reach your goals. In an ideal world, people would begin saving for retirement as soon as they earn their first salary. However, we know that reality isn’t ideal and that late starts are occasionally inevitable.
Long-term care is unquestionably expensive; if you require it, it will likely be your largest retirement bill. The DHHS (United States Department of Health and Human Services) estimates that eldercare recipients will spend $138,000 on average this year. And the likelihood of requiring some type of long-term care is greater than many believe.