A new study from the Employee Benefits Research Institute shows that without long term care insurance the ability to cover the costs in your retirement years will be difficult at best.

The earlier you face the issue of planning for long term care the better.  Start prior to your retirement.  A general rule of thumb is to engage in the planning process five to seven years before you plan to retire.  Waiting to long can have multiple consequences inlcuding the inability to secure the best solution, which may be long term care insurance.

Check out the report I mentioned above to read more about how important it is to plan for post-retirement expenses.  You can find the article here.