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Healthcare and home care needs could greatly diminish your retirement savings faster than you think.
However, thats not an assumption on which to bank your whole retirement.
Plan out your intended lifestyle long before you retire so that you build the appropriate expenses into your budget.
You should factor in rising costs to your retirement projections to ensure inflation doesnt devour all of your savings.
Caitlyn Moorheadcontributed to the reporting for this article.
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