Non-Investment Risk Management: Weighing the Costs Versus Benefits
We have focused quite a bit on the market as of late so let’s move on the something a bit different; non-investment risk management.
Frankly, needs of long-term care can fall upon anyone, not just those nearing or transitioning into retirement. Some of these statistics may be surprising. In the State of Alabama, the average cost of a nursing home private room was $74,825 per year. The median yearly cost for all nursing homes in the United States was just over $100,000 per year in 2018.