Unless you’re very rich or very poor, you should be looking into all of the long-term care possibilities out there. Because of the costs and complexity involved, the choice isn’t easy. But it is necessary.

As a financial planner, I have learned that finding a simple way to plan for long-term-care expenses is about as simple as talking Donald Trump out of tweeting. Ignoring the issue is a non-starter. According to the U.S. Department of Health and Human Services, 70% of those age 65 and up will need some sort of long-term care. Paying out of pocket is out of reach for most of us since the median annual cost of a private nursing room is $97,455. If you live in a major metropolitan area, you can expect to pay even more.

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Written By: Evan T. Beach

Published By: www.kiplinger.com