Every American serious about financial planning should be familiar with Medicare & You, the official U.S. government Medicare handbook, particularly Page 58, where it discusses paying for long-term care.  Medicare generally does not cover non-medical Long-Term Care services, including custodial care provided in a nursing home or in the community. This creates a potentially significant financial risk that should be measured, monitored, mitigated, and documented as part of every comprehensive financial plan.

Page 58 is the Long-Term Care reality check and the starting point for a meaningful planning process.  Click this link to download or read Medicare & You

As a “retirement boom” continues for the next two decades, planning for those retirement years is critical, and there may be no greater threat to a comfortable retirement than the need for Long-Term Care. 

Most Americans over age 65 will need some form of Long-Term Care as they age, yet studies show fewer than 20% of Americans have completed any Long-Term Care Planning whatsoever.  It's more important than ever for Americans to consider their future Long-Term Care needs.

Click this link to download a free copy of "What's The Deal With Long-Term Care?"

Research & White Papers

As many in the advisory community continue to stress the importance of planning for Healthcare in Retirement and Long-Term Care, the "source material" for our recommendation is often requested.  As such, we have compiled various research and white papers, often referred to in our work, to help you better understand the macro viewpoints we try to condense for you and your clients on this website. 

Legg Mason created “Aging and its Financial Implications: Planning for Housing” in collaboration with The Center for Innovative Care in Aging at the Johns Hopkins University School of Nursing to bring perspective, research, and practical insights to assist Consumers and Advisors with the challenges of aging. Click on the graphic to the right to access his document from our skilled partners at Johns Hopkins. 

According to BlackRock, financial advisors should work with clients to manage Healthcare In Retirement, as it can be the biggest risk to their retirement security.  They also indicate many investors aren’t focused on it: Less than half said they were worried about health costs, according to the same study.  That disconnect means many people planning for retirement need to better understand Medicare, out-of-pocket health costs and the impact of potential Long-Term Care expenses.   Click on the BlackRock graphic to the right to access this report.