A $350,000 account could be exhausted in just a few years if both members of a couple required semi-private rooms in skilled nursing facilities. However, that's not necessarily what would happen. For one thing, most people don't run up nursing home bills of that magnitude. Also, you may be able to get government assistance to […] The post Can a Nursing Home Take Our Savings? We Have $350,000 in IRAs appeared first on SmartReads by SmartAsset.
To really build a complete retirement budget as a couple, you’ll need to take into account both potential income sources and realistic expenses. While it's possible to come up with an estimated income or range of incomes from these figures, the expense side of the budget is equally important and potentially much more variable. Other […] The post We Are 65 With $1.9 Million in a 401(k) and IRA, and $5,200 Monthly From Social Security. What's Our Retirement Budget? appeared first on SmartReads by
From Our Partners: Many seniors with limited resources receive health care coverage through their state’s Medicaid program, which may open the door to financial assistance in paying for care.
Nearly 7 in 10 Americans (69%) want to live to age 100, a new Edward Jones study found. If you're in that majority that plans to surpass the average American's life expectancy of 77 years and live to.