02/20/2025
Here is the next one.
Myth #2: “I can save the money
I’ll need for LTC services.”
Fact: Anyone who’s had this thought should stop to consider two crucial questions: How will I save up the money? And (more important), why?
LTC services can be very expensive. The growing costs for care present a huge financial risk to older adults’ retirement dollars. Those who plan to take on the burden of LTC expenses for themselves and/or a spouse or other loved one could wipe out their lifetime savings much faster than they expect.
When planning for long term care, it’s helpful to know the average cost in your state or possibly the state where you’d like to spend your retirement years.
There are low cost ways to fund for LTC expenses, Most people are not buying expensive LTC Insurance and there is no need to today to do so.
Feel free to reach out to me to discuss options. 402-305-6088 Dave's Cell Phone.