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THE LONGER YOU LIVE, THE MORE LIKELY YOU WILL NEED LONG TERM CARE.

THE LONGER YOU LIVE, THE MORE LIKELY YOU WILL NEED LONG TERM CARE.

April 02, 2024

THE LONGER YOU LIVE, THE MORE LIKELY YOU WILL NEED LONG TERM CARE.

Many people don't realize how likely it is that they'll need some form of care as they get older. Even if one partner lives a long life, it's surprising that almost 50% of people won't be able to do basic tasks like bathing or dressing by the time they're 90 years old. 

These tasks, called activities of daily living, include things like eating, dressing, and going to the bathroom. Knowing this, it's crucial to talk about and plan for these possibilities, even though it might not be enjoyable. Being ready mentally and financially is key.

The chart comes from J.P. Morgan Asset Management team’s Guide to Retirement. It's packed with interesting ideas and data that are all focused on retirement. 

#investing #financialplanning #retirementplanning #retirement