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About one fifth will escape totally, and one quarter will require extensive care. My colleagues and I just completed the first of a three-part series of briefs on the need for long-term care and the resources available to cover it. The possibility of needing care later in life is a real concern for late-career workers…
Most retirees manage to get by on less than they earned as workers. Yet they devote a much larger percentage of their income to medical care than working people. To limit their annual spending on care, retirees usually buy some type of insurance policy to help pay the bills Medicare does not cover. But a…
