I started retirement with $3 million. Now I’m 89 and down to $2 million. What if I get sick?

This retiree's story highlights the financial risks that come with aging, particularly the unexpected costs of long-term care, which can quickly deplete even a substantial nest egg. With a starting retirement fund of $3 million, the individual now finds themselves at $2 million, raising concerns about health contingencies like illness. It underscores the importance of planning for potential long-term care expenses, as these can significantly impact one's financial stability and quality of life in retirement.