Why should you start planning for your retirement at an early age? Most Americans are expected to spend at least 20 years in retirement, so make sure your retirement funds will last no matter how long you live.
Alaska topped the list for the most expensive nursing homes--with annual
costs averaging between $232,505 and $273,750. Connecticut followed.
There, the annual cost of nursing homes was between $135,050 and
$145,818. As Americans are living longer, these costs are to be considered as people develop their retirement plans.