Do you have a plan for your long-term care when you become a senior? When the time comes and it finally becomes harder for you to perform daily activities on your own, it is important to know what you want to do. Will you move in with children or other relatives? Hire a caregiver to come to your home? Move to an assisted living facility? Go it alone for as long as possible? Whatever your decision it is important to understand the full physical, financial, and emotional impact on yourself and your loved ones.
We have seen the dramatic effect the stock and housing markets have on your retirement plans; during a correction, it can be devasting. Are you financially and emotionally prepared to handle the high cost of long-term care combined with future market corrections?
Benjamin Franklin famously penned, “…in this world nothing can be said to be certain, except death and taxes”. That was back in 1789. Relative to the topic of inevitability, I’d like to add one more item to death and taxes: change.
Have you ever sat down and compiled a bucket list? You know, your ultimate compilation of lifelong goals to accomplish?
In addition to the typical mountain climbing and continent-visiting, painting lessons and dancing at grandchildren's weddings, the items listed below are quite worthy of being included as well. They may not be found on the typical bucket list, but I’m betting all the other items rely upon these:
The excellent and sufficient time to understand the purchase of a LTCi policy was outstanding. I was not sure and uncomfortable about this step in life and value to me and my family. Melissa was able to clearly and to the level I needed explain, provide answers and work to find the right LTC for me. Thank you - a very satisfied customer.
Panel discussion on Estate Planning, Asset Managements, Continuing Care Retirement Community, Skilled Nursing Facility, Assisted Living, Hospice, Medication Management, LTC Insurance, Dementia and Alzheimer’s, Geriatric Case Management, Disability and Special Needs. Time will be available to speak with the presenters and obtain resources.
Healthcare costs during retirement is the number one concern for those approaching retirement age. Join us on July 18th and let us answer your questions. Melissa Barnickel, CPA, CLTC will be on the panel to discuss long term care planning. Other topics include,
When you imagine needing long term care, what do you imagine? Is the location a larger building, perhaps an assisted living facility, where responsibilities such as yard care and cooking are someone else’s concern? Or are you in your own home, tended to by paid caregivers, with visits from family and friends?
Benjamin Franklin famously penned, “…in this world nothing can be said to be certain, except death and taxes”. That was back in 1789. Relative to the topic of inevitability, I’d like to add one more item to death and taxes: change.
When you imagine needing long term care, what do you imagine? Is the location a larger building, perhaps an assisted living facility, where responsibilities such as yard care and cooking are someone else’s concern? Or are you in your own home, tended to by paid caregivers, with visits from family and friends?