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65% of pre-retirees worry they won't manage to pay for this major expense
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Retirement can be a daunting prospect, namely because of the vast expense it can entail. And while many Americans work hard and save diligently to avoid financial concerns later in life, sometimes, even the best savers worry about falling short in certain areas — like long-term care.
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A good 65% of pre-retirees are worried about that specific expense, according to a recent survey published by the Society of Actuaries. And when we look at the numbers involved, it's easy to see why.
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What does long-term care look like today?
Long-term care can be an exorbitant expense — one that many people don't plan for properly. Here's what the costs involved look like today: