If you are under the age of 60, do you spend any time thinking about your life in your 60s and beyond?
It happens fast. You wake up one day and you will be 60 years old. The actions you take right now will make getting older easier on you, your family and your finances.
“Too many of us don’t think about our future retirement. We ignore the challenges that come with aging until it sneaks up on us,” said Matt McCann, a nationally known expert on Long-Term Care Insurance and planning. “Once we get old, that is the worst time to be planning. There are actions you can take right now to secure your future control and independence. You can ensure you get quality health care without draining your assets or placing stress and burden on your family,”
McCann suggests a checklist of three must-do items to complete, ideally when you are in your 40s or 50s:
- Power of attorney for health care and finances if you are unable to make decisions for yourself
- Maximize your employer’s 401(k) or other retirement plans
- Long-Term Care Insurance
Longevity means you will likely face the need for assistance with routine activities of daily living. The longer you live, the bigger the risk. This includes the increased risk of cognitive decline, which will require extended care and daily supervision.
“Don’t expect your spouse or children to become your caregiver. Caregiving is tremendously exhausting and interferes with careers and other family responsibilities,” McCann said. “Your loved ones should have the time to be family. Affordable Long-Term Care Insurance offers guaranteed tax-free resources to provide your choice of quality care at home or in a facility. You maintain your independence and control over your care. Your family has the time to be family, and you get to protect income, savings, lifestyle, and legacy.”
Long-term care becomes both a cash flow issue and a family issue. An LTC policy gives you peace-of-mind knowing you have addressed both before a crisis occurs. The ideal time to act is before your health declines.
His unique process allows an individual or family to view his computer screen on their own device while speaking on the phone. McCann represents major insurance companies and a wide variety of available and affordable products, including partnership, hybrid, critical care, and short-term plans.
He suggests starting your research into long-term care planning by seeing the current and future cost of care where you live: https://www.ltcnews.com/resources/states. McCann’s website answers many frequently asked questions: https://mccannltc.net/resources/faq.
“Taking a proactive approach to planning will make getting older easier. You probably want to enjoy a future successful retirement. That starts before you retire with an affordable LTC insurance policy,” McCann added.
McCann Insurance Services: 866.751.7957: www.mccannltc.net