Consider Long-Term Care Insurance
This is one of the most frequently overlooked areas in retirement planning. Most U.S. retirees see themselves as healthy right now, ‘so why think about special care this early?’
Well, first of all, this is different than your health insurance, which doesn’t cover long-term care. Thinking ahead of time, there might be a moment when you or your spouse will need specialized assistance. If you get a policy that covers both of you early on, you benefit from discounts and special rate schedules.
In fact, some companies even let you pay off the policy with a lump-sum payment, thus avoiding monthly or annual premiums.
