There has been a huge spike in the life expectancy of
Americans over the past several decades.
We have been conditioned to diligently save for our retirement. We have been encouraged to have a retirement
distribution strategy in place to help us maximize our retirement assets while
mitigating and eliminating heavy, immediate and unnecessary taxation. But what about that event that nobody likes
to talk about that can destroy your nest egg?
This event is typically sudden, unanticipated and blindsides many
Americans. What is it?...
Today you may look and/or feel great. Your spouse may be active and strong. What happens if you or your spouse suddenly
takes ill? What if you or your spouse is
suddenly faced with a debilitating injury or other health problem? If you haven’t allocated some of your assets
to handle a sudden illness or long-term care event, you have essentially
allocated ALL of your assets to address this type of crisis.
It may be hard to imagine yourself in a dire position now,
but ignoring the fact that most Americans (or their spouse) will encounter a
long-term care event at some point in their lives, will only serve to help
erode the assets you have earmarked for retirement. To give you an idea of what to expect, below
are the average annual cost statistics in a few states from coast-to-coast for
nursing home care. The statistics are
based on semi-private room accommodations:
If you are not sure how to handle and plan for a long-term
care event, don’t keep putting it off.
All Americans should have a solid, well thought out plan to help protect
themselves and their loved ones from financial and emotional devastation. A long-term care planning assessment is a
FREE service that retirement distribution specialists offer. He or she can help you understand what
options are available and what strategies make sense for you and are
appropriate for your personal situation.
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