Long-Term Care

Roughly 70% of Americans who reach the age of 65 will need some sort of long-term care, and nearly one in five of them will need care for five years or longer. Given the odds you will need care one day, and given the rising cost of that care, it is essential to include this possibility in your financial plan. But should you consider long-term care insurance? What sorts of strategies can help you effectively pay for your care? Besides saving, what else do you need to do to be sure you’re ready for any needs that may arise? Melinda Kibler, CFP®, EA, is here to answer these questions and more. Melinda and host Amy Laburda discuss how to navigate the realities of needing support without disastrously draining your assets — or inadvertently burning out your loved ones.