WendyBG writes,
My greatest fear is that I will need very expensive nursing home care at the end of life. The “risk” that I will have excess money left over after I die is more than balanced by the potential need for this money. (I do have Long Term Care Insurance but it’s likely to only cover part of the need.)
If only I could be sure that I would just drop dead neatly one day, I would do things differently.
What I’ve leaned over the past 40 years is that if you “eliminate the skim” of financial advisors and high-fee insurance products like annuities and LTC insurance, it’s highly likely that you’ll have enough money to “buy the nursing home” when the time comes.
That’s the magic of the “4% rule” and long-term compounded investment returns.
intercst