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How Long Term Care Can Wreck Your Retirement

From Michael Rubin, About.com Guide   August 29, 2011

For all the emotional stress a long term care stay can cause, the financial strain can be equally as disturbing. Despite decades-long diligent saving, an uninsured nursing home stay can wipe out a substantial amount of a retiree's net worth.  Although many think Medicare or Medicaid will help them stave off financial hardship, the truth is far grimmer. Learn how long term care can wreck your retirement if you aren't careful.

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