When you plan for retirement, are you planning for living in a retirement community? Are you planning for your medical expenses? Chances are you have the common human condition of thinking you will never be old or medically fragile, so you are only planning to take a few trips and stay in your home. Unfortunately life may have different plans for you. People are living longer, and the longer you live the more likely you are to develop dementia. The biggest problem for folks who develop dementia is paying for high quality care.
Even the most basic care for dementia patients averages around $6000 a month, and oftentimes that is not the most appropriate care for a good quality of life. It's the kind of care that barely meets your basic needs. If you want to have a higher quality of life it will likely cost you more.
Start planning now for your quality of life at the end of your life. You never know what the future may bring, but preparation can ease the burden on your loved ones. Learn more about quality of life expectancy from this infographic.
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