Managing the Costs of Caregiving without Going Broke Yourself
Caring for a loved one can cause stress for caregivers on an emotional and a financial level. Millions of American adults have aging parents who need care and many seniors may, at some point, require financial assistance. Fidelity’s Retirement Health Care Cost Estimate shows that a couple, both retiring at age 65, can expect to spend more than $245,000 on health care while enrolled in Medicare. This staggering amount, nearly a quarter of a million dollars, does not include nursing home care or long-term care expenses.
