LTC in the News: 4 important long-term care decisions to make before age 60, experts say

This is an article about long-term care decisions for people approaching age 60. It discusses the importance of planning for the high costs of long-term care. There are several options to consider, including long-term care insurance, annuities, and reverse mortgages. People should also decide what facilities they may need and when they might need care. Ideally, individuals will purchase long-term care insurance before they have health problems. It is important to compare different policies and companies. Consulting with a professional can help people make the best decisions.

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*Originally published in CBS News’ MoneyWatch: Managing Your Money