Gwen Payne
Photo Credit: Unsplash
Family Connections Coaching partners with those who want to elevate their commitment to developing themselves, to lead with wisdom and love, at home and work. Connect with us today!
As we age, it becomes increasingly important for us to plan for our care as seniors. For some, this may mean staying in a nursing home or assisted living facility. Although it may be impossible to predict with certainty whether you will need long-term care, there are some lifestyle choices and personal family histories that make such a need more likely than others. Presented by Family Connections Coaching, these resources explain how to make decisions about long-term care, as well as how to prepare to pay for it.
Planning for Long-Term Care
Now’s the time to stop putting off planning for long-term care. CNBC notes that advisors recommend starting the planning process between 40 and 50 years of age.
26 Frequently Asked Questions About Long-term Care
Determining the Need for Long-Term Care
9 Key Factors for Choosing the Right Long-Term Care
Types of Long-Term Care Facilities
Use Online Listings to Find Quality Long-Term Care
Paying for Long-Term Care
One of the biggest hurdles to overcome is handling costs. It’s important to, first, research how much will be required depending on specific needs, then finding out how to pay for it all.
Average Costs of Long-Term Care by State
Is Long-Term Care Insurance Worth It? Explore the Pros and Cons
How to Reduce Long-Term Care Insurance Costs
Paying for Long Term Care Using Your Home Equity
Long-term care is a difficult expense for families to anticipate, but these resources can help you and your family plan properly. When it comes to long-term care costs, investing can grow your retirement nest egg to provide for these expenses, and your home can also be a source of funding. Additionally, making healthy lifestyle choices can help reduce the need for a longer duration of care.