Long Term Care Planning Helps Secure Your Future

It is much easier to reach your goals if you create a detailed and well-developed plan. This is much needed nowadays since people are living much longer and will need a bigger nest egg that can keep up with your preferred lifestyle and insurance products that can help cover your care expenses. Let http://www.infolongtermcare.org/ help you come up with a solid plan for your future with our reliable resources and information on long term care and other relevant issues. Planning ahead is much better than braving the future without coverage and putting your retirement income on the line. Start writing creating your plan now while you still have time and enough resources to secure your future.

Tips on Long Term Care Planning

Planning for long term care is easy once you realize the significance of long term care in your future. The lack of planning can result into a rough retirement when you need help in carrying out your daily living activities and paying for care. Without coverage, you can use up your entire nest egg or you need to ask help from your loved ones to take care of you or pay for your long term care expenses. This is a situation that most people like to avoid because this can lead to strained relationships.

Here you can find a step-by-step guide that can help you plan for long term care.

Step 1: Learn about Care Settings

Step 2: Assess your Financial Status

Step 3: Consider Insurance Coverage

Step 4: Discuss with Loved Ones

Step 5: Use this Checklist 

Original Source: http://www.infolongtermcare.org/long-term-care_information/long-term-care-planning-basics/

Long Term Care Planning Discussed by Maria Shriver and Rob Lowe

Maria Shriver, a social change advocate recently partnered with Genworth in order to raise more awareness on long term care planning. An educational video series titled “Conversations That Matter” that featured Rob Lowe was the product of the new collaboration. 

They’re eligible to discuss the impact of aging to Americans today since both of them experienced caregiving experiences in their family. 

A lot of people don’t realize the difficulties brought about by aging like taking a bath, walking and eating. Around 70% of Americans who are 65 and above will require long term care at some point of their lives. The best way to deal with this is by planning for long term care and by discussing your options with loved ones and friends.  

Original Source: http://www.infolongtermcare.org/iltc-news/maria-shriver-rob-lowe-discuss-importance-long-term-care-planning/