With longevity increasing and healthcare costs rising, it is understandable that even high net worth investors are focused on the potential impact of long-term care on their finances. While retirement planning is still important, long-term care should be a top goal and key part of a comprehensive financial strategy. Potential long-term care issues to focus on include being able to afford healthcare or getting the support you need, a major family health problem occurring or obtaining proper care for yourself or a loved one. Though the potential challenges of old age can be a concern, sound strategies can help prepare you for future care while keeping your financial goals on track.
If you would like to make long-term care a part of your wealth management plan, please contact Ifft & Palmer to learn more.