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August 31, 2018 | by Morgan Stanley

Long-Term Care Planning

One in seven Americans will need long-term care for more than five years, but very few families are planning for this event. Cost is one reason: the five-year price of long-term care already exceeds a half a million dollars. Within 30 years five-year costs will rise to $1.9 million.

Planning is everything.

No one wants to talk about long-term care … which is exactly why we need to start this conversation. Check out Morgan Stanley’s white paper on long-term care planning, available here.