Many people overlook a key retirement expense: long-term care. Medicare doesn’t cover non-medical care like home health aides, assisted living, or nursing homes, which can cost up to $127,750 a year. Having a long-term care plan is crucial, and considering long-term care insurance in your 50s is ideal. However, you can still find affordable options in your 60s. Using health savings account funds for premiums is an option. Don’t risk financial ruin – plan ahead for long-term care to protect your retirement savings. Learn more about maximizing Social Security benefits and boosting retirement income.

Read more at Yahoo Finance: 1 Retirement Expense You Can’t Afford to Overlook