The most painful part of getting old is not the aging process – it’s figuring out how to pay for it! It’s a cost many families don’t contemplate until it is too late.

Over the years we are repeatedly warned to plan for the future. Usually that message is received as saving money in 401k’s and IRA’s for future income needs. The reality is that too few of us actually prepare for the financial realities of aging. Securing financial and legal tools is much better done before the crises hits. Without foresight and planning, savings and assets get wiped out very quickly.

There at least a dozen resources to cover the cost of long term care. Only two of them have to do with insurance.

Every day we council people on their options. If you don’t have a plan in place now, get moving. There is too much at stake in ‘seeing how it goes’.

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