How can you plan for Long Term Care?
Submitted by Brookhaven Wealth Management on September 6th, 2019
Did you know there's a 70% chance you or your spouse will need some form of Long Term Care? What's your plan to cover the costs? Planning for a secure retirement includes planning for the 3 or 4 biggest risks to a successful retirement. One of those is a major health care event. No one likes to think about being in a nursing home or assisted living facility. In reality, of those requiring long term care, 4 out of 5 people get that care in their home. The costs can add up however, and potentially be a burden not just on you, but perhaps your surviving spouse, or worse your children and other family members.
There are multiple ways to manage the risk of a long term care event and the sooner you act the better. We'd be happy to discuss them with you or as part of a financial plan. Feel free to set up a time to talk or meet through our online calendar linked below. We look forward to hearing from you.
