Do you think your wealth protects you from long-term care risk? It may be that it is your wealth that needs protecting.

It’s easy for you to think that wealth insulates you from risk. But paying out of pocket for long-term care expenses can have a significant impact on your money and there are tax consequences

This is what you could be facing:

  • A registered nurse costs an average of $79.27 per hour, potentially totaling $13,000 a month.
  • A private room in a skilled nursing home averages $97,611 per year, with costs rising
  • An unplanned long-term care event may cause you to draw down your assets 2 to 3 times faster than expected.
  • Diseases like Alzheimer’s and MS can last for many years

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