Retiree started with $3M, is now 89 with $2M left — and fears long-term care costs

A man who retired with $3 million is now 89 years old and down to $2 million, raising concerns about whether his remaining savings will cover a potential long-term care need. Financial experts note that even a substantial nest egg can be wiped out by the costs of extended medical or nursing care. The case highlights the challenge of planning for late-life healthcare expenses.