“For many advisors, helping clients plan for their potential long-term care needs requires a frank discussion about grim topics. Individuals rarely enjoy pondering what they’d do if they couldn’t feed or wash themselves and needed ongoing care, whether at home or in an assisted-living facility. Yet it’s a vital part of comprehensive financial planning and advisors often pride themselves on guiding clients through it. But reviewing the options — and taking prudent steps to safeguard against loss — can still stoke client dismay or dissatisfaction.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
I expect most IBD readers can afford LTCI so this is a good nudge in that direction.
Making Sense Of Tough Long-Term Care Choices