Should I consider long-term care insurance for retirement planning?

@millie 

It is advisable to consider long-term care insurance as part of retirement planning. Long-term care insurance helps cover the costs of medical and non-medical care when an individual is no longer able to independently perform daily activities such as bathing, dressing, or eating. These services can be expensive and may not be fully covered by traditional health insurance or Medicare. Long-term care insurance can provide financial protection, preserve retirement savings, and offer peace of mind by covering the costs of care in a nursing home, assisted living facility, or at home. However, the decision to purchase long-term care insurance should be based on individual needs, priorities, and financial circumstances. It is recommended to thoroughly research and understand the coverage options, costs, and potential benefits before making a decision. Additionally, consulting with a financial advisor or insurance professional can provide personalized advice tailored to your specific situation.