One of the many financial pitfalls today comes in the form of a need to care for a family member either at home, in an assisted living facility, or at a nursing home.
According to the AARP, two of every ten people reaching the age of 60 will need some of the care in the following 10 to 15 years.
The national average cost of one year of care at a nursing home is now $74,000, and increasing by about 5% annually.
The average stay in a nursing care facility is two to three years.
The question is: at this rate, how long would it take you to deplete all of your assets?
We can help you minimize the financial impact on you and your family. Make an appointment with us and we'll go over what you can do to insure that, if need be, you can get the long-term care you need.