As you age, one thing that might come to mind is the potential for needing nursing home care later in life. Nursing home care is expensive and has the potential to drain your assets if you don't plan accordingly.
The cost of long-term care is high and will likely only get higher as Baby Boomers age. Even if you have saved a significant nest egg for retirement, your assets could quickly be drained by the costs of elder care.
On average, Americans are living longer now than ever before, and for an increasing number of Baby Boomers in Louisiana, that means having to confront the high costs of nursing home care or assisted living.