Quote:
Originally Posted by Phanuthier
Foolishly, I've always assumed that and had somewhat of a target # for when I reach 55... what is the expected $$ expected value to be used in your last year you survive?
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I'm not sure that number exists as they would vary widely, but I've read somewhere that we spend more on health care in the last two years of life than all of our years prior to that. On average. Again, it will vary widely. There is long-term care insurance for this purpose.
I tell my clients there are three stages to retirement - GO GO, GO SLOW and NO GO. The last stage (late life) can be the most expensive.