Long-term care is one of the trickiest topics in financial planning. The potential costs are quite high, yet the available insurance products leave something to be desired.
Three researchers with the Center for Retirement Research at Boston College recently sought to answer a few of the questions that you have likely asked yourself: how likely are you to need long-term care? And how likely are you to need a severe level of care as opposed to a more minor level of care? And how long is your need for care likely to last?
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