Plan to create a pool of healthcare dollars that you can use when the time comes.
Provided by Eric Siegeltuch, CASL, LUTCF
How will you pay for long-term care? At the moment, you may not be able to answer that question – but long-term care insurance can provide an answer for you.
Why are baby boomers opting to make long-term care coverage an important part of their retirement strategies? The reasons to get an LTC policy at or after age 50 are very compelling.
The decision to go forward with your plans to start a family is a joyous one, but it can also lead to increased stress especially if your financial house has not been child-proofed. Considering that, on average, the cost of raising a child now exceeds $300,000, there’s little margin for error for most young families that have other important financial goals to achieve. There’s no reason why you should get caught off guard or caught in cash crunch as long as you plan ahead.