Released: The Long-Term Care Planning Guide

Long-term care is the retirement planning topic most people avoid until it is too late to plan effectively. The Long-Term Care Planning Guide is designed to change that by making the subject approachable and the options clear.

The guide starts with the reality of long-term care need in retirement: the probability of needing care, the types of care available, and the actual costs in today dollars. Many people significantly underestimate both the likelihood and the cost of long-term care, which is why this section leads with data rather than estimates.

We cover the full spectrum of financing options: self-funding strategies, traditional long-term care insurance, hybrid life and annuity products with long-term care benefits, and how Medicaid planning fits into the picture. Each option has different cost, flexibility, and risk profiles, and we help you evaluate them against your specific situation.

The guide addresses the family and caregiving dimensions of long-term care planning, because the financial decisions and the family conversations are inseparable. Templates for initiating these conversations are included.

We close with implementation guidance: how to evaluate long-term care insurance policies, what to look for in hybrid products, and how to work with an advisor on this complex topic.