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Planning for retirement should also include considerations for long-term care costs, as many older Americans may need paid assistance. In an episode of 'Decoding Retirement,' Robert Powell discusses with experts Sharon Carson and Surya Kolluri various strategies to balance retirement savings with potential long-term care needs. They emphasize the importance of having a plan to manage expenses and avoid crises related to caregiving, given that approximately 50% of Americans will require some form of long-term care.
Source: YAHOO