Even the most well-planned retirement can take a hit with senior living expenses. Long-term care services are expensive, and the cost of quality senior living care is expected to increase. According to Genworth’s 2021 Cost of Care Survey, you can expect to pay anywhere from $61,776 annually to $108,405 annually for senior living expenses. Your… Continue reading Tips for Funding Senior Living Expenses
Tag: Budgeting
Understanding the Cost of Senior Care
With 70% of adults aged 65 and older eventually needing senior care and 20% requiring senior care for longer than five years, it’s essential to be prepared for senior care expenses. Preparing for senior care costs in advance is advisable. However, this is not always the case, and many families are unprepared for the costs… Continue reading Understanding the Cost of Senior Care