How much can I expect to pay annually, if I need long-term care after age 65 and where can I find information about planning to stay in my home rather than a long-term care facility after retirement age?
The AARP says studies have shown 60 to 70 percent of seniors over 65 years of age will need long-term care. The average annual cost for long-term care runs about $75,000.
Those who want to remain in their home during their senior years can find checklists here that help with making your home accessible, as mobility decreases: www.aarp.org/homedesign.
For additional tips on how to put yourself in the best position financially to care for yourself or your parents, check out their website at www.aarp.org/decide.