by Asset Strategy | Jun 27, 2022 | Healthcare & Medicare, Long-Term Care
There is a shift away from providing long-term care services in hospitals and nursing homes to proving them in individuals’ homes. This was happening before the pandemic, but the trend is now accelerating for several reasons. Many nursing homes did not allow visitors...
by Asset Strategy | Apr 18, 2022 | Financial Planning, Healthcare & Medicare
Even though you’re a long time away from needing long-term care, now is the time to plan. An estimated 70% of Americans currently age 65 will need long-term care at some point, and costs can be staggering.[1] If you have a 70% chance of needing long-term care, you...
by Asset Strategy | Mar 21, 2022 | Financial Planning, Healthcare & Medicare, Social Security, Taxes & Tax Planning
The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll...
by Asset Strategy | Mar 7, 2022 | Financial Planning, Healthcare & Medicare
One of your largest retirement expenses could be your healthcare costs. An average 65-year-old couple retiring today will need an estimated $300,000 to cover their healthcare costs, according to a recent study.[1] Although good health is priceless, it could cost you...
