It’s National Assisted Living Week. Last year, over 800,000 Americans resided in assisted living facilities*. The cost to live in this type of community can be very expensive. This article breaks down the daily, monthly, and yearly costs by state.
When thinking about the financial future, this can be a big topic of conversation. Long-term care insurance could be an option. I explain long-term care insurance and the importance of developing a plan in my Forbes article, which you can read here.
Have a great week and don’t forget to read your stock market update below.
Joel Johnson, CFP®
CEO and Managing Partner, Johnson Brunetti
*Statistic provided by Seniorliving.org