Your Spouse Needs Long-Term Care. Can You Still Afford to Retire?
What happens when one spouse needs long-term care, but the same savings must still fund the other spouse’s retirement? A $2 million portfolio can face very different demands when care costs are added to everyday household expenses. Jean at Bitesize Retirement explores the often-overlooked financial risk to the healthy spouse. Using a hypothetical couple and an additional $120,000 annual care expense, she shows how costs can accumulate while housing, groceries, health coverage and other obligations continue. This episode covers: • Why long-term care planning should protect both spouses •…
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