The Bogleheads' Guide to Investing

If you find yourself with liquid assets of between $ 200,000 and $ 2 million when you reach your mid-to late fifties, give serious consideration to buying long-term care policies for you and your spouse. With continuing advancements in health and medical care, more of us will be living longer. Add 76 million baby boomers who have retired or will be retiring to the mix, and it’s a sure bet that many more people are going to require nursing home, assisted living, or home health care for extended periods of time. In the early years of retirement, long-term care protects against the loss of earnings from investments in much the same way that long-term disability protects against lost income from the inability to work.