​A new report by NORC at the University of Chicago says 54 percent of middle-income Americans over the age of 75 will be unable to cover the projected average annual costs of $60,000 for assisted living rent and other out-of-pocket medical costs by 2029, even if they generated equity by selling their home and committing all of their annual financial resources.
That figure rises to 81 percent if middle-income seniors in 2029 were to keep the assets they built up in their home but commit the rest of their annual financial resources to cover costs associated with seniors housing and care, the report said. (Read More)

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