Long Term Care Planning

Actively deciding on a plan for your own care is ultimately a gift you give to the loved ones who outlive you.

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We are considering moving into an all-inclusive retirement community and want expert financial advice with this big decision.

Benefits of Planning for Long-term Care

Planning for long-term care provides you and your loved ones many benefits:

Where to live and who will help
Confidence in the financial situation
Ensuring dignity and independence

Long-Term care Planning

How we answer these five questions will, to a great extent, determine how we are remembered.

Who might be my caregiver?
Where do I want to receive care?
How can I finance and coordinate my care?
What type and amount of care could I need?
When is it likely to happen?

Why you need a plan for Long-Term care?

My LTC story, Stacey Frank

Why LTC is essential?

Long-term care is an essential element of your overall financial plan because the likelihood of needing care to perform normal daily activities – like eating, dressing, bathing – is high. In fact, 70% of people 65 and older will someday need long-term care, according to the Department of Health and Human Services.

What about Medicare? Medicare is not long-term care insurance. Medicare pays only for approved charges, only for skilled and rehabilitative care, only after three days and nights of hospitalization, and only for a maximum of 100 days per diagnosis.

The Medicaid program will pay for required care only after your existing assets have been spent down to meet state and federal guidelines.

Resources

Denver Post article, “Spring financial to-do list should include planning for your own long-term care” by Cameron Morgan, A&I Financial Services’ Wealth Advisor.

Contact your wealth advisor or request an appointment to start the conversation about long-term care. We’ll discuss ways to optimize your care, communicate your care plan, reduce the burden on caregivers, and protect your financial resources. Create a plan that helps you – and your loved ones – rest easy!

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Services We Provide

Covered in these areas

Investment Advice

Patented investment process, including ESG investing: environmental, social and governance considerations.

Financial Planning

Align your money with your values, goals and relationships and bring peace of mind.

Retirement Planning

Tax Optimization: Get choice and control over when and how much you pay in taxes.

Charitable Giving

Make an impact beyond your family, helping our community and the world at large.

Real Estate Planning

Purchasing a personal or investment property, including how much debt, legal and accounting issues.

Windfall or Inheritance Planning

Working with an advisor has been my best decision yet.

Life Planning

Purposeful planning, help with the emotional dimensions of money, and more.

Wealth Transfer

Teaching younger generations financial stewardship, transferring values and stories, ensuring a financial legacy.

What to do When a Loved One Dies

Losing your spouse or other loved one is one of life’s biggest transitions.

Talk with an Expert

Our wealth management approach may be different from experiences you have had with other advisors.

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We offer a broad array of events that broaden our knowledge and experiences.

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Recent Blog Post

Read the Periscope to learn our take on the events of the day, how they may affect our investments and what matters in our financial plans.