Reported 2 days ago
A couple with $350,000 in IRAs may worry about nursing home costs, but while it's possible for savings to be impacted, various avenues exist to mitigate this risk. Many people spend less on long-term care than expected, and government programs like Medicare and Medicaid can assist with costs. Medicaid rules can be stringent, with eligibility often relying on asset limits that may include IRAs. There are options like long-term care insurance and financial planning strategies to help preserve retirement savings while addressing potential healthcare expenses.
Source: YAHOO