Long-term Care Planning

One of the five key risks everyone will face in retirement is the rising cost of health care. When should you start planning for long-term care? The answer varies, but most advisors suggest in your 40s or 50s. There are many ways to protect yourself, your family, and your assets against the potentially devastating effects of long term care expenses. Assuming that Medicare pays for long-term care expenses or assuming your family can care for you are misconceptions that could adversely affect one’s overall financial plan. According to a recent article in the Wall Street Journal,  “a couple turning 65 has a 75% chance that one of them will need long term care.”  In other words, failing to plan for long-term care could derail your financial plan and affect your entire family. 

Contact us to set up an appointment. We'll provide you with information about ways to preserve your hard earned assets and retirement income, opportunities for tax deductions when adding care protection to your financial plan, and how to stay in your home with quality care services without placing a burden on family and friends.