6/18/2013 – Boomers Underestimate LTC Cost, Life Expectancy (AdvisorOne)

The cost of future long-term care for boomers could be more than three times what they’re expecting, a consumer survey by Nationwide Financial found.

Boomers 50 and older estimated the future annual cost to be nearly $79,000. However, using data from a 2010 article from Life and Health Advisor, Nationwide found the cost of a nursing home could rise to $265,000 per year by 2030.

Read the full article at AdvisorOne.