Long-term Care and Expenses Broken Down by State
My work with clients often brings to the fore-front a question on how to plan financially for aging parents. Long-term care is just flat out expensive and on average, 1 in 2 people will need some type of care during retirement when incomes are fixed and protecting assets is critical. First, understanding cost and pricing are important to the planning process.
This article in the Wall Street Journal just last week, provides some good insight and information to consider planning financially for assisting aging parents who might need your assistance with care or planning for oneself: