We at Juniper Wealth Management understand the costs of retirement like the back of our hands. Time and time again, we see which categories and missteps are common and costliest for retirees and pre-retirees like you.
So, listen to us when we say this: Long-term care is a crucial piece of the retirement planning puzzle that needs a plan TODAY!
A Long-Term Care Plan is a Necessity. Here’s Why:
Data shows that 7 out of 10 Americans will require long-term care—which is care required when performing basic tasks of living such as showering, eating, using the toilet, among many others, are no longer doable independently—at some point in their lives.
In addition, Long-Term Care is NOT covered by Medicare which means you will need some sort of additional coverage or swallow the costs bare… recent data indicates that the average cost of a room comes in at $9,034 per month, and that varies by state.
Source: https://www.genworth.com/aging-and-you/finances/cost-of-care.html
We don’t have to do the math for you to know that has the potential to drain your nest egg, foil your retirement stability and legacy plans.
How Does Juniper Wealth Management Address Long-Term Care?
Long-term care planning to us means acting ahead by factoring those expenses into an income, investing, and tax plan so that life’s transitions are as smooth as they can possibly be. We help you find an optimal long-term care insurance plan and incorporate it into your overall financial timeline.
In addition, there are annuities that may tack on long-term care benefits which can go a long way when it comes to covering your costs. For more on what annuities can do for you, visit our annuities page.
We also work with Elder Law Attorneys to help mitigate the risk of our clients being saddled with overwhelming long-term care costs. Together, we can help create a plan for you that lessens or eliminates the emotional and financial burden long-term care and unforeseen medical expenses can cause you.
Ultimately, Juniper Wealth Management will help you understand your options and put in motion a plan that addresses the risks you may not have even known you had, giving you the confidence that your retirement finances are protected.
GET OUR FREE BOOK!
The Little Red Book of Retirement: The Basics of Retirement Investing.
Our book is a complete overview of retirement planning that digs deeper than your age or how much money you have in your bank account. It answers a variety of important and often overlooked questions. Have you examined health care costs, long-term care, or longevity? Do you understand how to make the most of your Social Security benefits? This book contains can’t-miss information to help you pursue your goals and plan for the best retirement you can have!
