In your retirement strategy, you’ve likely put a good deal of thought into putting away enough money to enjoy your life, once you’ve put the daily grind in the rearview mirror. Like many, you’ve probably prepared for a bit of travel, time to pursue your interests and favorite activities, and also to maintain your current lifestyle (or perhaps, even improve upon it a bit). It’s also important to anticipate other needs as well. While you may be already thinking about your health insurance, including Medicare, it’s important to remember that you may, at some point during your retirement years, require some sort of extended care. According to the U.S. Department of Health and Human Services, 7 out of 10 Americans turning 65 are going to require some sort of extended care.1In addition, the average monthly cost of an assisted living facility is over $4,000.2If you’re thinking, “that adds up,” you’re right. The good news is that just as you are strategizing for the good life, you also have choices when it comes to thinking about extended care. Let’s have a conversation about that strategy. |
1. US Department of Health and Human Services, February 18, 2020
2. GenWorth.com, accessed May 4, 2021 |
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. |
