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Caring for aging parents isnt cheap.
If a parent needs an assisted living facility, this cost rises to $5,350 per month.
A private room at a nursing home facility costs $9,733.
Keep reading for fivetips that can help your family budget for your parents long-term care needs.
Even if your parents seem sharp, adult children would be well served to take preventative actions early.
At times, he said this has presented many financial challenges for them.
However, he explained that communication has been key.
This communication has helped them establish a plan and budget.
Tax deductions can add up fast, so you dont want to miss out on these savings opportunities.
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