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Long-Term Care Required Savings

Long-term care, which includes expenses for nursing homes and other services such as extended in-home care, is an expense that is difficult to afford without long-term planning. The cost of a room in a semi-private nursing home can be more than $70,000 per year, depending on your location. Use this calculator to estimate the cost of long-term care and see what it would take to attempt to save for this expense.