What Is Long-Term Care and Why You Should Plan for It
When most people think about retirement, they imagine travel, hobbies, and time with loved ones. But one important factor that’s often overlooked is the possibility of needing long-term care.
Long-term care includes services that help with everyday activities — like bathing, dressing, eating, and mobility — either at home, in assisted living, or in a nursing facility. It’s not just for the very elderly; accidents, chronic illnesses, or cognitive decline like dementia can create a need for care at any age.
Unfortunately, long-term care is expensive and not fully covered by most healthcare plans. That means families are often left scrambling to find funds, or worse — providing unpaid care themselves, which can take a toll emotionally and financially.
Planning ahead means having choices — where you receive care, who provides it, and how you pay for it. Strategies may include setting aside funds, using certain types of insurance, or incorporating long-term care benefits into a retirement income plan.
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Key Takeaway: Long-term care isn’t just a medical issue — it’s a financial one. Planning early gives you peace of mind and protects your family from difficult decisions later.
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Our retirement professionals can help you understand your options and create a plan that fits your needs. Schedule your complimentary consultation today — no pressure, just guidance.
