The majority of retirees will need some type of long-term care (LTC) assistance in the future. This is a serious concern and should be factored into your retirement.
Traditional long-term care involves premium payments that could increase in the future. Your future benefits could be reduced. In addition, if you did not use your coverage, then you lost your premium payments and did not directly benefit from these payments.
There are some new long-term care solutions that can provide you with coverage if you need it or your money back if you do not use the coverage. The payments are fixed (meaning they cannot increase), and coverage is set (cannot be reduced). If you do not need the coverage then you can receive your money back. This is designed so you can benefit from the coverage, or get your money back.
Long-term care insurance is one of the most popular ways to prepare for the possibility of assistance in retirement. LTC insurance can help cover a variety of services for a longer period than may be covered by traditional health insurance, like assistance with daily activities, including bathing, dressing, and so on.
LTC insurance can help cover the costs of chronic medical conditions, disabilities, and other disorders. Most LTC policies will at least partially reimburse you for care in your home, a nursing home, an assisted living facility, or an adult day care center.
LTC costs are an important consideration in financial and retirement plans, especially once you reach age 50. Don’t wait to buy coverage until you need it – you may not qualify if you already are experiencing a debilitating condition. Plan ahead now to save stress and money down the road.
At Riedmiller Wealth Management, the consultative process begins with information gathering, when we meet with a client to learn more about them, their wants, and their unique goals and aspirations for their money.
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Our strategies can help you create a plan that’s as unique as you and your needs. Once we’ve identified your goals, we can start on the road to creating an investment plan that works for you.
Learn More
At Riedmiller Wealth Management, our team can help you plan for your dreams and goals in retirement.
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For many retirees, Social Security is the only source of fixed income. This is the reason that optimizing your Social Security benefits is so important – especially as the future of the program becomes more unsteady.
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If you have a current life insurance policy, Riedmiller Wealth Management can provide you with a “policy review” to help determine if your policy is still providing the desired coverage.
Learn More
Long-Term Care insurance can help cover a variety of services for a longer period than may be covered by traditional health insurance, like assistance with daily activities, including bathing, dressing, and so on.
Learn More
At Riedmiller Wealth Management, the consultative process begins with information gathering, when we meet with a client to learn more about them, their wants, and their unique goals and aspirations for their money.
Our strategies can help you create a plan that’s as unique as you and your needs. Once we’ve identified your goals, we can start on the road to creating an investment plan that works for you.
At Riedmiller Wealth Management, our team can help you plan for your dreams and goals in retirement.
For many retirees, Social Security is the only source of fixed income. This is the reason that optimizing your Social Security benefits is so important – especially as the future of the program becomes more unsteady.
If you have a current life insurance policy, Riedmiller Wealth Management can provide you with a “policy review” to help determine if your policy is still providing the desired coverage.
Long-Term Care insurance can help cover a variety of services for a longer period than may be covered by traditional health insurance, like assistance with daily activities, including bathing, dressing, and so on.
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