Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I'm most anxious about health care expenses. I don't want to buy into Long Term Care insurance too soon; but I definitely need to look into such coverage.

Why do you need LTC? You said you were single, so you don't have a spouse to worry about in terms of asset protection. Do you have children that you want to leave a legacy to? In my case, I'm married, so I want to ensure that my spouse has enough to live on and vice versa should one of us need long term care, but the kids are a different story. They already know not to plan on any inheritance as we plan to spend it all, so the LTC insurance we have is not to protect assets for them.

The only real difference in your planning from my planning as a married person is the need for insurance. If you have no dependents, though, there's not a whole lot of reason to have insurance whether that's LTC or life insurance in my opinion.

Just something else for you to think about.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.