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Kiplinger
Kiplinger
Business
Tony Drake, CFP®, Investment Advisor Representative

I'm a Financial Planner: Here Are 3 Ways to Plan for the Soaring Cost of Long-Term Care

(Image credit: Getty Images)

Entering long-term care or a nursing home is quickly becoming a reality for many as they age. But as it becomes increasingly common, it's also becoming increasingly expensive.

Even with these staggering costs, long-term care planning is often overlooked, and many of these costs aren't usually covered under Medicare. Planning ahead should not be a small part of your retirement plan; it's an important way to ensure you can spend your golden years protecting your assets.

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