Long-Term Care Strategies

Who will take care of you if you are unable to care for yourself?

As the oldest baby boomers continue to wind through their 70s, one of the biggest concerns may not be outliving income but outliving good health. With the monthly median cost for home health aide at $5,148 and assisted living facility costs averaging $4,500 per month,1 the concern is understandably daunting. Does your retirement income strategy account for that possibility? Would you be prepared to pay twice that amount as a married couple?

Considering that you could have to reduce your financial means before Medicaid will pay for long-term care and neither your employer group health insurance nor major medical insurance will cover long-term care, you may want to consider planning ahead for these potential expenses.

We can help evaluate your situation and determine what kinds of products could fit into a comprehensive long-term care strategy, one that is suited to your needs and circumstances.

1 Genworth. June 2, 2022. “Cost of Care Survey.” https://www.genworth.com/aging-and-you/finances/cost-of-care.html. Accessed Aug. 15, 2022.


Our firm is not affiliated with the U.S. government or any governmental agency.

Get instant access to our Retirement Planning Kit

Our helpful retirement kit includes three guides that address topics you should consider when planning your retirement. Enter your information to get your guides!


By submitting your personal information, you consent to be contacted by a financial professional regarding your financial strategy for retirement.