Planning for the Long Term

Planning for long term care is highly recommended nowadays due to the consistent price hike of ltc. Also, because of the fact that people is living much longer these days. According to the most recent report, 7 out of 10 of people 65 and above will need long term care. Meanwhile, around 41% will also need ltc because of injury, disability and injury. This only means that everyone is at risk of requiring any form of long term care services. Some would say that their lifetime savings is enough but the truth is, it will never be enough. The most secure way to pay for your ltc expenses is by purchasing ltc insurance. A lot of people is actually into this already even younger individuals and you can find out the reason behind this when you continue reading here: http://www.ltcoptions.com/4-reasons-younger-individuals-purchasing-long-term-care-insurance/.

rebyswealthwisdom

As the Baby Boomer generation reaches traditional retirement age, there is more to worry about than whether or not their money will provide for basic living expenses throughout their retirement years.  Due to a number of factors, the reality is, Americans are living longer.   A century ago, the average American lived to the ripe old age of 47 years.  However, along with the passage of time, there has come a greater awareness of preventative lifestyle choices and major advances in healthcare; both resulting in the average life span rising to 77 years. ¹ Due to these factors, people must plan for a longer period of time spent in retirement.  In addition to funding one’s retirement, we encourage our clients to mitigate the risks that can derail their retirement plans and deplete their retirement savings.  One such risk, that is sometimes overlooked, is failing to plan for their long-term personal…

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