“When home-care costs go through the roof,” by Donald Jay Korn, Financial Planning
“For clients who need long-term attention, the home-sweet-home solution unfortunately may be a money pit. . . . Advisers can become part of the solution by apprising clients of the possible costs involved, and starting early with a financial plan designed to help clients stay put as long as possible.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Article urges early LTC planning and recommends LTC insurance and home equity conversion.