My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to ...

Bankruptcy filings among continuing-care retirement communities have surged since the pandemic, eroding residents’ promised ...

The post Can a Nursing Home Take Our Savings? We Have a $250k IRA, a House and Other Assets appeared first on SmartReads by Medical Costs in Retirement: Can a Nursing Home Take Our $250k IRA or Home?

There were over 1.25 million nursing home residents in the U.S. in 2024 and 14,827 certified nursing facilities, according to the Kaiser Family Foundation. At a recent congressional hearing, there ...

Fidelity found a 65-year-old will incur an estimated $165,000 in out-of-pocket healthcare expenses during retirement. ... Care differences between assisted living vs. nursing homes.

My sister receives long-term care Medicaid benefits in a nursing home in another state, about five hours driving from my current residence. Few relatives are still living near her to visit. What ...

Private nursing home room: $9,034 per month/$108,405 per year Other things can also influence the cost of retirement communities. Location, type of accommodation, level of care and amenities ...

As many as 80% of aging adults in America lack the financial resources to pay for two years of nursing home care or four years of an assisted living community.