You work hard to earn a paycheck, which in turn creates the financial foundation of your standard of living.
What would happen to your standard of living if a portion of your financial foundation were suddenly and unexpectedly taken away?
Long-term care is not the type of care that you receive in a hospital or your doctor’s office. It isn’t the medical care you need to get well from a sickness or injury. Further, long-term care is not always administered in a nursing home.
The need for long-term care usually arises from age or chronic illness, injury or disability. In fact, approximately 70% of us who reach age 65 will need long-term care at some time in our lives.**
Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating sound financial strategies for you and your family.
When we compare our survivors’ needs to the total resources we can provide at death, most of us will find a shortfall. A shortfall situation means that our survivors will be left with the choice of either finding additional resources that we have not been able to identify, or do without many of the financial needs that you hope to cover.
Often times, because it seems far off in the future, little thought is given as to how to save and plan financially for a college education. However, it is much easier to save while the child is growing up and pay for college from our savings than to attempt to pay for college as the expenses are incurred, out of income.
Is your comfortability in retirement a concern? When you are headed into the unknown it just makes sense to have an idea of the basics. This report helps you do that from a high level.
