Most people think long term care is just for the elderly; however, that is no longer true. Yes, the elderly are more likely to need the care due to the natural aging process, but there are also many younger people that need the care too. In fact, the statistics might surprise you: 63% of those needing care are age 65 and older and the other 37% are age 64 and younger. [ Rogers, S., & H. Komisar. Who needs long-term care? Fact Sheet, Long-Term Care Financing Project. Washington, DC: Georgetown University Press, 2003.]
Many people tend to think that they won’t ever need any long term care. Reality check – people are living longer and our environment is changing. Each and every person has a 50/50 chance of needing long term care. . The question for you is what are you going to do about it? The answer is to give us a call to start your conversation because this is just the beginning.
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Be sure and check back next week for more incredibly valuable information. Cheers!
Financial Planning and Investment Advisory offered by SWMG, LLC a Registered Investment Advisor.
Lockheed Martin Retirement Specialist is not an official title or professional designation nor is it conferred by Lockheed Martin on any individual or company.
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