No Simple Answer To Age-Old Question Of Long-Term Care; The Big Issue: Rising Costs; To stay competitive, some operators of nursing homes eye alternative services.(HEALTH & MEDICINE)

Publication: Investor's Business Daily

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Byline: AMY REEVES

So you're socking away money in your 401(k). You're dreaming of retirement in a nice condo in Florida, where you'll spend your days fishing or playing golf.

Don't book that flight just yet.

Old age often turns out to be a totally different scenario. You might end up needing long-term care and wind up in an assisted-living facility or even a nursing home -- which is not only less fun, but also a lot more expensive.

Genworth Financial recently surveyed the cost of long-term care. The 2,000 nursing homes the firm queried charged an average of $179 a day for a private room, or...

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