Life’s Financial Journeys
Planning for long-term care. “How should I prepare for the cost of a nursing home?”
Long-term care costs can destroy the financial security you worked long and hard to achieve.
To protect your family you should first assess the reality of long-term care costs and identify your long-term care options. Then you can decide whether long-term care insurance the right way to go.
The following subtasks may assist you in planning for long-term care. You will find detailed resources for these subtasks under the links in the right column of this page.
Subtask 1: Assess the various aspects of long-term care and its cost
Subtask 2: Define the options for funding long-term care
Subtask 3: Decide whether long-term care insurance is right for you
Subtask 4: Address an immediate need for long-term care
Emptying the Nest Tasks
1. Financing college