Discussing the high cost of long-term care for seniors will be a crucial part of the debate for health-care reform in congress.  In 2008 the average yearly cost for a private nursing home was $76,285 this according to the U.S. Department of Health and Human Services.  Read this article from Financial Advisor to learn more.

What’s more, the federal government estimates that at least 70% of people over age 65 will require long-term services at some point, and will need those services for an average of three years. Clearly, expenses like that could quickly derail your client’s prospects for a financially secure retirement if you don’t plan accordingly.

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