Long‑Term Care Planning for Early Retirees
Long-term care can be expensive and hard to plan for -- especially if you retire early.
Most people who are planning for early retirement are focused on making sure they have a big nest egg so they can enjoy traveling or spending more time with loved ones without worrying about running short of funds.
While you absolutely want to save for your dream retirement and ensure you can afford the cost of all the fun things you have planned, it's also crucial that you are ready for things that could go wrong. One of the most important of those is the possibility that you are going to need long-term care.
Long-term care is something many people require as they age, and if you're retiring early, you had better be ready to pay for it, because the costs can be astronomical.
