Planning to Live in Retirement Edition 12: The Unexpected

Photo by Pixabay : None of us truly know how long we need our retirement funds to last and how the ebb and flow of life will impact even the best made plan. My parents lived to 84 and 86, respectably long lives, in their own home, without assistance, with the exception of family help with laundry and a bit of housekeeping, tasks they could have hired out had we not all helped. I feel like overall, I lead a healthier life than my parents, and barring an accident, have no real risk factors for heart or cancer. My RA and osteoarthritis are not always easy with flare-ups, but not debilitating. But, things could change. I may need assisted living, memory care, or full nursing home care before I pass away I feel like I need to add a late life/ long term care policy to my planning. I know these get more expensive with each year, but I also don't want decades of premiums for something I may not need until much much later ...