Looking out for your Long-Term Health
October 16, 2025
Retirement should be an exciting and fulfilling new era for you, filled with great experiences. The possibility of accounting for long-term care – either for you or a loved one – is a topic that can easily be glossed over in order to focus on all the highlights of retirement.
Nearly 70% of people over age 65 will require some form of long-term care (LTC) during their lifetime1. Without a plan, these costs can quickly erode retirement savings and place emotional and financial stress on families.
Here are some helpful tips to consider that can help you be prepared if an LTC need arises:
1. Assess Your Future Care Needs
Start by evaluating your health history, family medical background, and lifestyle. Consider the likelihood of needing help with activities of daily living.
2. Understand Coverage Options
Explore various insurance strategies. Products exist through traditional LTC insurance, life insurance, and asset-based policies that can help account for future expenses.
3. Evaluate Costs and Funding Strategies
Use cost analysis tools to estimate future care expenses based on your location and care preferences.
4. Integrate LTC into Your Retirement Plan
Ensure your LTC strategy complements your broader retirement goals—like travel, legacy planning, and tax efficiency.
5. Preserve Your Assets
Use legal and financial strategies to help preserve your savings from LTC expenses. This may include trusts, annuities, or insurance-based options.
6. Include Family and Caregiver Support
Discuss your plans with family members. An informed support system can build a more confident plan.
7. Start Early
The earlier you begin planning, the more options you’ll have—and the lower your costs may be.
Schedule a complimentary consultation and see what long-term care options could be best suited for the retirement you envision.