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Episode 058: Mike Piper on ”More than Enough,” host Jon Luskin

Bogleheads On Investing Podcast

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How Much Should You Set Aside for Long-Term Care?

Mike Piper: One person I worked with recently asked how much they should set aside for long-term care for their parents. That is a very difficult question to answer because depending upon life expectancy, that could be over a million dollars. Most folks with dementia don't normally live that long, but they could. If you're in an assisted living facility or some other sort of care facility, you're not going to be spending money on travel.

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