According to a new study by the Center for Retirement Research at Boston College, it is estimated that a average couple from the age of 65 until they pass away will need $260,000 to pay for out-of-pocket medical costs and nursing home fees.  Learn more in this article from Inside Elder Care.

About 5 percent of 65-year-old couples will face catastrophic medical and long-term care costs exceeding $570,000, according to researchers Anthony Webb and Natalia Zhivan.They estimate those expenses would have exhausted the total financial assets of 85 percent of all retirees even at the peak of the stock market in 2007.

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