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.