Long-Term Care

While you aren’t faced with many major changes for 2024, tax shifts are on the horizon for 2026 as the Tax Cuts and Jobs Act (TCJA) is set to expire. Don’t let these low tax years pass you by without intentional tax planning.

If you’re waiting for the right time to seek long-term care insurance, consider making it a priority now. One unexpected event can have a massive impact on your retirement security, and there’s more than one LTC solution.

Hybrid long-term care insurance offers long-term care coverage if needed or a death benefit if not used for care expenses.

The confident, comfortable retirement you deserve includes having a plan for the unexpected.

Your future is unpredictable, and that’s the primary reason our team speaks with the families we work with about the importance of considering long-term care (LTC) insurance.

This is the primary reason our team speaks to the families we meet with about the importance of long-term care. In addition to being costly without a plan in place, it also does not fall under your Medicare benefits.

What if our ride to the finish line isn’t smooth? Complex risks including extended longevity and health issues can create a large financial burden on retirees, and as such, recent research from De Nardi shows that Americans are now saving well into their 80s and beyond.

While you might expect the universal retirement fear to be running out of money, it goes beyond dollars to declining health; specifically, an Alzheimer’s diagnosis.

When it comes to healthcare expenses in retirement, there are those you can somewhat-accurately factor into your budget (such as insurance premiums), and those that are unexpected (such as a medical emergencies or illness).

For some individuals, long-term care in the grand scheme of a full retirement plan can often end up in the “good-to-have” category, versus “need-to-have”.

Much like many other areas in the health care world, the cost of long-term care (LTC) is rising. According to a recent study by the U.S. Department of Health and Human Services, more than one in four retirees will need LTC at some point in their life, costing more than $100,000.

Navigating your way through the long-term care marketplace can be confusing. How do you know if the policy you purchased years ago is still the best option for you?