88-year goal, money to 83

A September survey of 1,000 U.S. adults by Ethos found Americans hope to live to 88 on average but expect their money to last only until 83; 47% said they would run out of retirement funds before age 80. Nursing-home care was the cost respondents worried about most, and they estimated it at $60,829 a year, compared with a national average of $112,420 for a semi-private room. Financial advisers recommended planning for income that lasts throughout retirement and accounting for long-term care costs.

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