LONG TERM CARE
One thing is true for all: If we all live long enough, we will all need some kind of help someday. When, how much, and how long is the question.
PLANNING FOR LONG-TERM CARE
We can not ignore the obvious fact that if we have planned well, and taken care of our health the best thing that will happen is that we all will get old someday! Many people age 90 or more live fulfilling lives, with the help of others - usually FAMILY who sacrifice their time to deliver loving care to aging parents or aunts and uncles.
As we advance in age we are more likely to need assistance with shopping, meal preparation, transportation and perhaps activities of daily living including personal care and mobility issues. When the needs of the elderly require professional care or residential care such as assisted living, then the costs come hard and fast.
THE NUMBER #1 RISK TO YOUR FINANCES IS UNINSURED MEDICAL EXPENSES
Planning for long-term care before it is needed may satisfy both your desire for certainty and your desire to avoid burdening loved ones with the costs and challenges of caregiving.
Weighing what you can afford, what kind of care you expect, and the risks you might face, your financial advisor will help you understand your options and plan for your future so you and your family can enjoy the present.
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Representatives are registered through, and securities are sold through Nationwide Planning Associates, Inc., Member FINRA/SIPC, located at 32-16 Broadway, Fair Lawn, NJ 07410 Investment advisory services are offered through Nationwide Planning Associates, Inc. Insurance sold through licensed NPA Insurance Agency, Inc. Non-deposit investment products are not federally insured, involve investment risk, may lose value, and are not obligations of or guaranteed by the Broker/Dealer . Nationwide Planning Associates, Inc. is a registered Broker/Dealer.
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There are important things you MUST know if you are within 5 years of retirement.
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