Will long-term care costs drain your bank account in retirement?

Will long-term costs drain your bank account in retirement? by Liz Weston of NerdWallet

Many people are frightened of long-term care costs — for good reason.

Most people over 65 eventually will need help with daily living tasks, such as bathing, eating or dressing. Men will need assistance for an average of 2.2 years, while women will need it for 3.7 years, according to the U.S. Department of Health and Human Services’ Administration on Aging.
Many will rely on unpaid care from spouses or children.

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