Question: We're retiring at 63 with $5.7 million. My wife wants to buy long-term care insurance, but it's very expensive. I think we can just self-insure. Who's right?
Answer: If you're retiring with a large sum of money, you may be aware that there's one expense that could eat away at your nest egg over time — health care. Even if you're relatively healthy at the start of retirement, there's no guarantee you won't end up with medical issues later on.
