Join Jennifer Landon as she breaks down the basics of long-term care planning and why it’s an important part of a well-rounded retirement strategy. Learn what long-term care really means, what it can cost, and how planning ahead can help protect both your finances and your family.
What You’ll Learn:
- What long-term care is—and what it isn’t—including the six activities of daily living that often determine when care is needed.
- The likelihood of needing long-term care after age 65 and how long care needs typically last for men and women.
- The different types of care available, from in-home support and assisted living to nursing home care.
- The average costs associated with long-term care and how those costs are projected to rise in the coming decades.
- The emotional, physical, and financial impact caregiving can have on families when a plan is not in place.
- The main strategies people use to prepare for long-term care expenses, including self-funding, traditional long-term care insurance, and asset-backed solutions.