What could a longer life mean for you, and have you considered your expectations for retirement carefully?  Will it be a time to enjoy the comfort of home, cherish moments with family, embark on exciting travels, or even pursue fulfilling work?  Whatever your vision, it's essential to adequately assess what it will take to fund these expectations, as many Americans are uncertain whether they will have sufficient income and assets for retirement.  This reality underscores the importance of proactive financial planning to ensure a secure and fulfilling retirement lifestyle.  We can help you take control of your financial future and safeguard the retirement you envision for tomorrow.

A longer life leaves more potential for the unexpected…..

A "Silver Tsunami" will reach the United States in 2030, causing the demand for healthcare and Long-Term Care (LTC) services to surge as 1 in 5 Americans and every Baby Boomer will be over the age of 65.  With such a significant demographic shift coming, integrating the LTC component into your comprehensive financial planning is not just wise but essential for ensuring financial security, providing peace of mind, and decreasing the potential burdens LTC will place on you and your loved ones.

The keys to successful planning for longevity…..

• Building and preserving your assets
• Creating an income stream for a long life
• Protect investments from uncertain markets and economic conditions
• Obtaining adequate health care coverage for contingencies

What is Long-Term Care, and why planning for it is crucial….

LTC is a range of services and supports to meet personal needs when you have difficulty performing the Activities of Daily Living (ADLs) or develop a cognitive impairment, which Medicare, Medigap Plans, or health insurance do not cover.  Most Americans will require LTC services during their lives; however, the extent and duration of that care are unknown, with home health care, assisted living, and facility-based care being the most common forms.  Whether in the home or a facility, LTC is costly, and family Caregiving can or will have a significant physical, emotional, and financial impact on your loved ones, making LTC Planning an essential component of your comprehensive financial plan.  

Determining your Long-Term Care risk…..

Imagine the potential impact on your retirement savings if you paid cash for a new $60,000 luxury car every year because that's the AVERAGE annual national cost of care in an Assisted Living Facility.  The average cost of a Nursing Home is more than $110,000 per year, and even minimal care at home can cost more than $40,000 a year. The most effective way to determine your risk is by using data-driven analytics to predict longevity and project the need for care and the current/expected cost of that care, and that starts with a HALO – Health Analysis & Longevity Optimizer – assessment that can be completed here:  Take A HALO Assessment

Proactively plan for the potential risk…..

When considering the chances of needing LTC, it's easy to see how planning becomes necessary and why your retirement, estate, financial, and risk management plan must address this aspect of Healthcare In Retirement.  Please recognize that paying for or receiving care can only come from four sources: Self-Funding, family and friends, the government, or risk mitigation through insurance…..

Now is the time to design and implement Long-Term Care Planning for you and your family...

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