Plan Now for Your Long-Term Care
It’s not a secret that we all have a 100% probability of aging.
No matter how we fight it, diet, exercise, fountain of youth pills, the results will be the same.
We will age and our parents will age.
Aging often comes with mental and physical deterioration and the loss of the ability to live independently.
Facing this situation forces us to make some thoughtful decisions.
We can be proactive about end-of-life plans with up-to-date legal documents and long-term care insurance or be forced to make important decisions in the moment of intense crises.
Unfortunately, many default to the later and end up going through 401K’s, IRA’s and seeing their entire estate, which took a lifetime to accumulate, end up in the black hole of long-term care cost.
The winners, however, get to make the choice of where care comes from (most people want to stay home as long as possible), choose where their money goes, and hire professionals to do the dirty work and age out with dignity.