4 important long-term care decisions to make before age 60, experts say

Nearly three-fourths of adults 65 or older will need some sort of long-term care at some point during their remaining years, statistics show. But, unfortunately, this care can come with jaw-droppingly high prices — it costs, for example, over $100,000 per year on average for a private room in a nursing home — and Medicare isn’t much help.

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