There are certain retirement expenses most people know to budget for -- housing, food, and healthcare, to name a few. But there's one retirement expense far too many people overlook. And failing to plan for it could seriously upend your finances.
A lot of people assume that Medicare will cover long-term care expenses like home health aides, assisted living, or nursing homes. But Medicare will only pay for care that's medical in nature. The aforementioned costs tend to fall under the umbrella of custodial care, which means you may need to cover them all on your own.
Image source: Getty Images.
Sign in to read the full article.
Sign in with Google