Planning for the future means more than just saving for retirement. It’s also about preparing for the unexpected. Long-term care (LTC) can be one of the largest expenses many families face, and having a plan in place can help protect both your savings and your loved ones.
What is long-term care?
Long-term care refers to a broad range of services that support individuals who can no longer fully care for themselves due to illness, aging, or disability.
Here are a few facts about long-term care that may surprise you:
- Someone turning 65 today has nearly a 70% chance of needing some type of long-term care in the future.
- 48% of older adults say they do not know how to plan for their LTC needs.
- Women require LTC services for more time than men.
Maybe you don’t need long-term care today. That’s a good thing. It’s one of those things we want to explore and plan for before you do. Whether through insurance, savings strategies, or family discussions, now is the perfect time to review your options to make sure you’re prepared for the future. As your Financial Advisor, I’d be happy to help you start the conversation and explore what approach may be right for you.
