Get Started Today
No one likes to think about it but NOW is the time to start planning for our long term care needs. Advanced planning is important because 70% of people turning age 65 can expect to use some form of long-term care during their lives. And, with each year you get older you increase the chance you will need long term care.
What makes planning ahead for long term care so critical? Consider the following:
not being a burden to children or family with care giving responsibilities
protecting your retirement assets
ensuring that important choices remain yours
The cost of services often exceeds what you can afford to pay from your income and other investments, so planning ahead is critcial. With advanced planning, there is a higher likelihood that you will be able to leave an inheritance to your heirs, because you are less likely to use up your entire nest egg.
When you create a long term care plan you are helping to reduce the emotional and financial burdens on you and your family. It can truly give you and your family peace of mind.
One of the primary reasons for advanced plannning is if you want to stay in your home, or remain independent as long as possible.
With planning, your choices for receiving care outside of a nursing facility and being able to stay at home or receive community-based services are more likely.
Long-term care is an easy thing to put on the back burner. Many people think they can wait several years before approaching or discussing this topic - but those delays can be costly.
Perhaps you think, that even as you age, you won’t need assistance. Or, maybe you perceive you have ample time to buy long term care insurance. However you can’t forget that the older you get the more expensive long term care insurance becomes.
Wherever you may be on your goal to retirment, give us a call to discuss this critical step in your retirement path. Don’t delay. Acting today will help ensure a smoother tomorrow.