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costs. most private nursing homes cost an average of $77,000 a year. if you're wealthy you can most likely afford a private option but for the vast majority of americans that paid into the systems their whole lives social security only gives you 1,230 a month and medicare only covers you up to 1 hyundais of an extended period of time in a nursing o or rehab facility. today experts believe the average person will need $900,000 to cover their expenses throughout retirement. a staggering amount when the majority have less than $30,000 saved for retirement. if you want to live forever, you before find a way to pay for it. >> i want to hear your thoughts on tootie's financial situation. where she is. >> our dad when he retired he opted for them to take his retirement money and invest it.

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