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My mom was in a nursing home for 4 years from 1994 -1998. Her last year cost around $50K. I was lucky my mom and dad had money to cover this. I have a friend whose mom just past in 2017 and she had 24 care in her own home She had care for 5 years - that cost was $90K annually.
I recently looked into it as part of my financial plan. I'm 69 years old. My planner almost laughed at me - in 20 yrs, 24 hour in home care will probably be north of $350K.
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Jim
1983 944n/a
2003 Mercedes CLK 500 - totaled. Sanwiched on the Kennedy Expressway
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