Ryan Sullivan, CFP®, Advisor, discusses long-term care planning. When it comes to retirement planning, one important question often goes unanswered: How will you pay for long-term care if you need it? The reality is that nearly 70% of people over age 65 will need some form of long-term care, yet very few have a clear plan in place.
Ryan covers:
- What long-term care really is—and how it extends beyond nursing homes
- Why many retirees underestimate their need for care
- The emotional and financial impact on families without a plan
- What Medicare and Medicaid do—and do not cover
- Modern planning strategies, including insurance and alternative solutions
- Key questions to help you create a personalized approach