Long-Term Care Planning is Critical for Retirement Planning.

Nearly 70 percent of Americans over the age of 65 will need some sort of long-term care in the future, says Greg Lavelle of Retirement Advisers at Financial Square*. Addressing this issue is a critical piece of any retirement plan. He says his firm doesn’t do the insurance-based type of long-term care anymore, but the asset-based type of long-term care planning instead. One out of six people may end up running out of money in retirement because of the way they have their money allocated. If too much money is invested too conservatively, you will not keep up with inflation. If too much money is invested aggressively in the stock market, you could risk losing 30-40 percent if there is a downturn. Retirees need to have some money that is “guaranteed” to take care of ongoing expenses to avoid running out.

To learn more about Greg Lavelle and Retirement Advisors: www.retirementadvisers.net

For more Right on the Money: http://rightonthemoneyshow.com

*SOURCE: https://www.aginginplace.org/what-is-long-term-care-insurance-and-who-needs-it/

Securities offered through Client One Securities, LLC Member FINRA/SIPC. RetirementAdvisers.net and Client One Securities, LLC are not affiliated.

Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. 20630 – 2020/12/21