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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.

Long Term Care Insurance is for paying for a nursing home or similar type of home. If you have no spouse or children, and do not have a large nest egg, how would one pay for it? I know Medicare/Medicaid kicks in at some point, but just at the minimum level right? If you want to live in a half-way decent facility, wouldn't you have to have some type of funding?

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