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Kiplinger
Kiplinger
Business
Scott Tucker, Investment Adviser Representative

How to Use a Medicaid Asset Protection Trust to Help Shield Your Family From Long-Term Care Costs

Father and son share a hug.

For many retirees, the biggest financial threat isn't market volatility, inflation or taxes. It's the staggering cost of long-term care.

According to recent national estimates, a private room in a nursing home can easily exceed $100,000 per year in many parts of the country, and those costs continue to rise.

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