Walt Thinfen’s Post

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Managing Partner | Financial Security Professional

As we journey through life, preparing for the long-term is not just prudent—it’s essential. Long-term care planning is about ensuring comfort, dignity, and financial security in later years. Here’s how to approach it: 1. Understanding Needs: Assessing the potential long-term care needs based on family history and personal health. 2. Financial Preparation: Exploring insurance options and savings plans that can cover future care expenses. 3. Legal Readiness: Setting up legal documents like living wills and powers of attorney to protect your wishes. 4. Community Resources: Identifying local support and resources that can provide assistance when needed. Long-term care planning is a gift to your future self and your loved ones. Let’s discuss how you can set the stage for a worry-free future. 🌟 #LongTermCare #FinancialPlanning #HealthcareSecurity

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Barclay Sisk

Vice-President, 1st Atlantic Brokerage

3w

Long-Term Care conversations are often put off until it's too late. To ensure you and your loved ones are prepared, it's important to start the conversation before you have health concerns or a parent is diagnosed with dementia. This is especially important if you live in high Cost of Care areas or you want to receive care in your own home. If you have longevity concerns or want to leave a legacy, these conversations need to start at the same time. Your current or future health may affect both, so it's important to plan accordingly. While most families won't be able to insure 100% of the monthly cost of care, there are ways to discount 100% of the dollars spent or do a better job of paying family members.

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