How to Estimate What You’ll Spend on Long-Term Care

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How to Estimate What You’ll Spend on Long-Term Care
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The area of long-term care in which costs are rising fastest isn’t nursing homes, but rather home care

Oct. 31, 2019 11:17 am ET

In your column about unexpected bills in retirement, you didn’t address the possibility of long-term care. How can I estimate what those expenses might be in later life? I need this for my parents and me. Good point. I discussed, in an earlier column, budgeting for health-care bills in retirement, including the possibility of long-term-care expenses. Admittedly, though, the discussion was brief—and this question gives me the chance to devote more space to an important topic.

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