What’s your New Year’s resolution? It’s typically a great time to reflect on changes you want or need to make in your life. Although it’s not easy to think about the possibility of your own failing health or that of someone you love, avoiding the topic isn’t the answer. It’s important to have a long term care plan in place, before you need it, to preserve your family’s assets and have more long term care options.
Important Disclosure: Content on our website and in our newsletters is for informational purposes only. The information provided may (or may not) directly apply to your situation. We recommend that readers work directly with a professional advisor when making decisions in the context of their specific situation.
What your New Year's resolution?
As a New Year rolls around, you, like many people, may take this new beginning as an opportunity to reflect on changes that you want or need to make in your life. Popular resolutions include making a commitment to lose weight, get fit, eat healthier, manage stress, save more money, and get more organized. Do any of these sound familiar?
It’s no surprise that many New Year’s resolutions focus on health and well-being. As you think about ways to improve your life over the coming year, your thoughts may naturally turn to the health and well-being of your family. Now is a good time to think about their future, as well as your own. If you haven’t already done so, let this be the year that you put a plan in place about the future long term care needs of you and your loved ones.
Although it’s not easy to think about the possibility of your own failing health or that of someone you love, avoiding the topic isn’t the answer. It’s important to have a long term care plan in place before you need it.
Long term care (LTC) refers to the range of medical, non-medical, social, and personal care services that can help someone cope with a reduced level of functioning due to injury, aging, or illness. LTC insurance (LTCI) can help cover expenses for the services provided by nurses, home health aides, occupational and physical therapists, and social workers among others. Although policies vary, they provide a set amount of coverage that can be used to help pay the costs of nursing homes, assisted living facilities, or home health care.
No one knows what the New Year may bring. But, by planning for the future, you can help to preserve your family’s assets, have more long term care options, and enjoy a happier New Year, knowing that you have a plan in place. And, that’s something to be excited about.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results or even estimates of actual returns a client may achieve. This information is designed to provide general information on the subjects covered. Consult your financial professional before making any investment decision. Opinions and estimates offered are subject to change without notice. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. Please see other important disclosures related to StrongValley.com
You are now leaving the Strong Valley Wealth & Pension, LLC ("Strong Valley") website. By clicking on the "Schwab Alliance Access" link below you will be entering the Charles Schwab & Co., Inc. (“Schwab”) Website. Schwab is a registered broker-dealer, and is not affiliated with Strong Valley or any advisor(s) whose name(s) appears on this Website. Strong Valley is/are independently owned and operated. Schwab neither endorses nor recommends Strong Valley. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Strong Valley under which Schwab provides Strong Valley with services related to your account. Schwab does not review the Strong Valley website(s), and makes no representation regarding the content of the Website(s). The information contained in the Strong Valley website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.
