Milliman finds 65-year-olds need $135K for long-term care

Milliman found that nearly half of men and 40% of women may need no paid care at all during their lifetime. About one-quarter of men will receive less than a year of paid care, leaving only 29% with care needs lasting more than a year.

The report was the subject of a brief published this week by the Center for Retirement Research at Boston College. Milliman’s data shows that women are…