Researchers explained that the problem is even more prominent among older women because of their longer life expectancies. A woman who wants a 50 percent chance of being able to afford her health expenses should save $93,000 by the age of 65.
If she wants to increase her chances of affording a healthy retirement living to 90 percent, she would have to save $152,000.
Men didn't seem to fare much better.
Those who are 65 should have saved $65,000 in order to have a 50 percent chance of staying healthy during their golden years. For a 90 percent chance, they would have to save $124,000.
Those who are planning for retirement should also make an effort to think about senior housing options. Longterm care insurance can be a responsible investment for adults who want to ensure that they are safe and provided at an assisted living facility in old age, according to The New York Times.
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