The financial well-being of clients approaching retirement depends on many factors, some that are within their control and others that are not. With the current increase in life expectancy, long-term care costs are a necessary expense that should be incorporated into every retirement plan. Plans that don’t incorporate these expenses can significantly overestimate the sustainability of the plan. However, sometimes it’s too late.

In the following case study I share how not having long-term care insurance changed the retirement plan for my client who is a couple nearing retirement, and how I found creative solutions when needed most. How well equipped are your clients’ financial plans to handle long-term care costs?

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