Hi, I’m Nick Chambers, a former CFP, retiree, and now a specialist in long-term care planning. This page on our website is designed to invite you to attend one of our Wednesday evening webinars, held from 7:30 to 8:30 CST most weeks. See below for some reasons you may want to attend.
Future care needs can be unpredictable — you never know when you might need it or for how long. Too often it’s too late to prepare once care is needed, placing your loved ones into the role of caregiver.
The cost for future care, particularly for Alzheimer’s, must be considered NOW! At a current cost in most places of $70,000-%100,000 per year, possibly doubling in only 10-15 years with an average 8 years needed for care, meaning a large number need care for 10-15 years, the potential financial impact can be devastating for the spouse and family members.
Even if you will be fortunate to have sufficient assets to self-fund this cost, as a prudent financial person wouldn’t it make sense to consider options on how to do it more economically, with guarantees for you and your spouse that you will always have the money to pay for excellent care, no matter how long the care is needed?
Do you currently have assets in an IRA that you won’t ever need for income?
Do you have an older life insurance policy you don’t really need that has some cash-value?
Do you have an older annuity contract that you will never use for income?
Do you have a rainy-day fund for emergencies?
Why not consider re-positioning and re-purposing a portion of these assets to provide a greater long-term benefit, particularly if you are already generating sufficient income for your needs?
Another important consideration is who would provide this care? If you believe it would be another family member, are you aware of the significant physical, emotional, and financial toll it takes on these caregivers. Is this really a burden you want to place on these individuals when you could prevent this from happening?
Why not consider re-positioning and re-purposing a portion of these assets to provide a greater long-term benefit?
Planning ahead for long-term care can ease the emotional, physical and financial toll associated with providing care. Join us to learn more about making decisions today to ensure you and yours are protected — no matter what life throws your way.
To register your interest in attending one of our Wednesday webinars: Please RSVP to nick@ltcplanningconcepts.com
Here’s what you can expect to learn:
- What long-term care is and where it is provided
- What % of us will need LTC and why we need to consider how we would pay for it, sooner rather than later
- Who would provide care if needed, and why it’s so important not to burden our children or friends with caregiving duties
- How to get a Concierge Service at no-cost to provide personal support and guide families through the process from start to finish.
- What an Alzheimer’s diagnosis could mean for you and your family
- Better strategies to pay for long-term care (Not traditional LTC insurance) using existing assets from an IRA, older life-insurance policy or annuity with cash value, or just a rainy-day fund
- How Medicare and Medicaid factor into long-term care planning
Family always comes first. Let us help you protect yours.
- Nick Chambers
- nick@ltcplanningconcepts.com
- 931-291-6934
