Long Term Care Planning

Long Term Care planning is all about protecting your loved ones.

When most people hear “Long Term Care”, they think “Nursing Home.” The fact is that most extended care for an impaired person takes place in his or her own home, with care often provided initially by his or her own family members. The nursing home is, understandably, the last resort. Providing care for an impaired person can be extremely hard on the caregiver – normally a spouse or adult child(ren). And the burden often grows over time.

What to expect from this Long-Term Care discussion:

• Why planning for a long term illness should be part of every retirement plan 
• Why the ideal time to begin planning is between the ages of 50 and 64
• A clear explanation of what long-term care is and isn’t
• Current cost of long-term care support in Santa Cruz County
• Who pays for long-term care services?   
• Long Term Care Insurance – Pros and Cons

Presenter: Steve Shapiro, CLTC®, CPA (inactive).  Steve is a retired financial planner who has been helping people plan for retirement since 1990.