LONG-TERM HEALTH CARE PLANNING

What happens if you or your spouse get sick? How can you protect your assets from the expense of long-term care?

Long-term health care is a type of care that is typically required when someone has a chronic illness or disability that prevents them from being able to care for themselves independently. It can include services like home care, assisted living, and nursing care.

While most people don’t enjoy talking about long-term care planning, it’s crucial to help protect your retirement assets and the people you love from the financial burden long-term care can have. In fact, the average annual cost of a private room in a nursing home facility is $108,000+, and the average number of years someone needs long-term care is three years. Can your retirement or your loved ones handle $300,000+ in long-term care costs?