A Nursing Home Stay Can Ruin Your Finances

It isn't news that needing  long-term care services can be brutal on your finances but a new study shows just how it can destroy your assets.    Median household wealth for those who spend fewer than 30 days in a nursing home is about $108,000. But after 6 months, many nursing home residents are effectively broke, with median assets of barely $5,000. In other words, after [...]