LTC News’ Post

Long-term care costs in #Alaska are crazy expensive. Crazy expensive. If you have savings you need to plan for the future costs and burdens of aging well before retirement. Don’t delay in learning about your options. Use the resources available on LTC NEWS to help you plan. If you have an older loved one who needs — or will soon need care, use the LTC NEWS Caregiver Directory to help you search for quality care services — https://lnkd.in/gjM5Cxr4 https://lnkd.in/g2QH7gxN

Unfortunately, too many people equate long-term care with a nursing home. While there are people who require more institutional care, most care is delivered at home and assisted living. LTC Insurance has benefits covering all types of care, including at home. Learn more about aging, caregiving, health, lifestyle, long-term care, and retirement planning by using the resources available on LTC NEWS. https://lnkd.in/gYSUx9Ve

By 2030, women are expected to control a significant portion of the $30 trillion in financial assets held by baby boomers in the United States — representing a major transfer of wealth.1 Yet even with this shift in purchasing power, women remain largely uninsured or underinsured. CALL FOR MORE INFORMATION: 713-581-4366 LIFE INSURANCE THAT FITS YOUR BUDGET AND NEEDS Nearly 70% of 65-year-olds today will need long-term care services. $7,908 is the monthly cost for a semiprivate room in a nursing home. Create an income you can’t outlive. Here is the link to MY podcast on Spotify for Podcasters: https://lnkd.in/g9rXRvc4 Mobile: 1-713-581-4366 Don Baker President/CEO at DONPBAKER.COM www.donpbaker.com [email protected] CALL US for all your Life, Annuity, and Medicare Insurance needs Hassle-free Medicare coverage Guaranteed coverage for life. No networks. See any doctor who accepts Medicare patients. No referrals needed Plans with low to no copays are available Do you have Type 2 Diabetes, Pre-diabetes, Cancer, Cardiovascular Disease, Diabetic Nephropathy, COPD (Chronic obstructive pulmonary disease), Wheelchair-Bound, or Oxygen user? Or, do you have a family history of these diseases? CALL US for Life Insurance. Do you have or is there a history of in your family: Diabetes, Cancer, Stroke, or Heart attacks? CALL US for Life Insurance. If you retired tomorrow, how much money would you spend each month? How much did you spend last year on vacation for each: travel, lodging, food, activities, and entertainment? Tell me what you spent last month on movies, eating out, live entertainment, etc. $100/ a month will get you started on owning an annuity. • What retirement fears do you want to leave behind? • What would stop you from retiring when you want to? • How long do you think you’ll live? • How many years in retirement do you want to plan for? • What age do you want to live to? #insurancecoverage #insuranceagent #insurancequotes #insurancepolicy #HealthInsurance #Social Security #insurancepremium #insuranceservices #Diabetes #COPD #annuity #DISABILITYINSURANCE #GOVEMENTEMPLOYEES #lifeinsurance #insurance #healthinsurance #insuranceagent #financialplanning #businessinsurance #insurancebroker #lifeinsuranceagent #retirement #financialadvisor#retirementplanning #finalexpense #FEDERALEMPLOYEERETIREMENTSYSTEM #FERS #FEDERALRETIREMENT

Hoosier families recognize the significant impact long-term care can have on a family's well-being. Through the years, LTC Insurance has disbursed over $2.7 billion in benefits, ensuring access to quality care and protecting assets. Learn more about aging, caregiving, health, lifestyle, long-term care and retirement planning on LTC NEWS. You can even find caregivers and facilities with our caregiver directory. #Indiana #longtermcare #retirement https://lnkd.in/gqg4mDnu

Why plan for Long-Term Care? More than half of those 65 today will need some type of long-term care services and support. The average cost of those services and support is $138,000. Women generally need care for longer periods than men. As a result, the average cost of long-term services and support for men is $91,100 and doubles ($182,200) for women. 1 Long-Term Services and Supports for Older Americans; Melissa Favreault, Urban Institute, and Judith Dey, Office of the Assistant Secretary for Planning and Evaluation; 2016. Help at Home or in a Qualified Facility Right now, you may have very strong feelings about where you want to live and who will take care of you — should the time come. Some prefer to have a spouse or adult child provide care at home. But caregiving puts demands and stress on your loved ones. A dedicated caregiver may have to give up a career, forego income, miss family time and ultimately sacrifice his or her own health and wellness. Even in large families where adult children, siblings or other relatives want to share the load, the stress of the situation may change family dynamics or trigger disagreements. A Highly Variable Expense The cost of long-term care varies immensely depending on the type of care needed, where it is received and where you live. Many people turn to long-term care insurance options to pay for long-term care expenses. Other people choose self-funding approaches to long-term care, which may require you to bear the entire cost burden yourself. To self-fund long-term care, you need cash savings or liquid assets like the equity in your home. If care is needed for an extended period of time, these resources can quickly deplete and affect the inheritance you can leave. Innovative Funding Options An alternative to traditional long-term care insurance is asset-based long-term care protection, which lets you use your assets to purchase a fixed whole life insurance policy or annuities that can provide benefits for qualifying long-term care expenses. And, if care is never needed, these products can provide benefits to your heirs. Asset-based long-term care products also have the advantage of providing significant tax advantages, a cash value that can be accessed in an emergency and other customization options. Julio (Ricky) Gonzalez, RMIP™ President Pinnacle Financial Group, Inc. #ltc #longtermcareinsurance #longtermcare #ltcplanning #financialadvisor #financialplanning #retirementplanning

No matter how carefully you plan for retirement, if you don’t have long-term-care insurance, a catastrophic illness could wipe out your savings.   Learn more: https://lnkd.in/efbtfcgT #insurance #caregiving #senior #retirement

LTC Insurance provides families with guaranteed tax-free benefits for extended care services, such as in-home care, assisted living, or nursing homes. It ensures quality care without depleting personal assets. Learn more about LTC Insurance. Learn more about aging, caregiving, health, lifestyle, long-term care, and retirement planning by using the resources available on LTC News. https://lnkd.in/gXqwqXy5

Severe labor shortages are leading to a long-term care crisis in Japan, forcing bankruptcies of many facilities. Rising costs are paid in part by public LTC Insurance program, but co-pays place financial pressure on families. In the United States there is no “public” Long-Term Care Insurance unless you qualify for Medicaid because of limited financial resources. This is why so many people are adding a Long-Term Care Insurance policy to their retirement plan. Learn more about aging, caregiving, health, lifestyle, long-term care, and retirement planning by using the resources available on LTC NEWS. https://lnkd.in/gEmq6gzR

You have a few basic options for paying for long-term care costs: out-of-pocket, long-term care insurance, and Medicaid (not Medicare). Read more 👉 https://bit.ly/3WqeE61 #LongTermCare #RetirementPlan

Long-term care costs are rising nationwide, including in #RhodeIsland. When you need care the impact on your family and finances will be tremendous. Are you prepared? Use the resources available on LTC NEWS for research on aging, caregiving, health, retirement and long-term care. https://lnkd.in/eD6p5Zm