Planning for Long Term Care
Planning for long term care is not a fun subject to work on. None the less if you are looking at yourself or, parents living past age 85, then planning should start around age 40. There are many options to solve this looming crisis (many times written about in this blog), but, the usual solution is to wait until it happens. If you wait, then, there will be few options available and your family wealth is wiped out needlessly.
The chart below is provided to begin an educational process for you. Get professional help, plan early, implement your plan. If not… will you be like the “grasshopper” or the “ant”? Ah yes, discipline or regret…
Paying for Lifetime Community Care
Click on image below to see full-size:
(From Journal of Financial Planning, February 2008)