By Brian M. Johnson
When it comes to where and how you live, and what you do with your money, you want the freedom of choice and confidence that you’re making the right decisions. The same is true with your long-term care strategy, helping you set the stage for the future and legacy you have planned.
Long-term care is quite simply assistance with simple everyday tasks, even as simple as eating or getting dressed. The need for care could arise from an accident, illness, cognitive impairment or the aging process. You may never need it. But, the best time to start thinking about it is before the need arises and while you’re still able to take control.
Many Americans work hard, save diligently for retirement, yet fail to address the single biggest risk to their portfolio and families: extended healthcare.
When it comes to long-term care, do not be swayed by common misconceptions such as:
“It won’t happen to me.”