Jul 22, 2024
How likely are you to need Long-Term Care? Chris Boyd and Jeff
Perry dig into the
data on the average incidence and duration of long-term care needs
and who is most
likely to have a severe, sustained, long-term care incident. During
this episode, Chris and
Jeff review a recent article from Morningstar (see link below)
which outlines the
likelihood of a sixty-five-year-old needing some type of long-term
care. The
conversation reviews several data points including wealth level,
marital status, gender,
and self-reported health status. Chris concludes the discussion by
explaining how the
issue of potential long-term care needs properly fits into a
comprehensive financial plan.https://www.morningstar.com/retirement/how-likely-are-you-need-long-term-care
For more information or to reach Chris Boyd or Jeff Perry, click the below link:
https://www.wealthenhancement.com/s/advisor-teams/amr