Survey: Boomers expect LTC costs far below what they may face

06/20/2013 | AdvisorOne

Baby boomers age 50 and above said they expect future long-term care costs will amount to about $79,000 a year, according to a Nationwide Financial survey. But one projection is that such costs could hit $265,000 in the coming decades. "What a year of nursing home care costs today will not even come close to the actual cost when boomers really need it," said John Carter of Nationwide Financial.

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