When most people think of planning for the future, their first thought relates to saving for retirement. While retirement planning is an important piece of the puzzle, many don’t think beyond their early retirement years. Though often overlooked, preparing for long-term care is a necessary part of aging.
There are many financial strategies and resources available to those in the pre-planning stages. One of those resources is a book by Don Quante called, Don’t Go Broke in the Nursing Home. This is a great book and one I recommend to many of my clients. Here’s what to know about Don’t Go Broke in the Nursing Home.
Don’t Go Broke in the Nursing Home provides readers with an outside the box approach to preparing for long-term care. This book shares that the key is to be proactive, rather than reactive. Instead of waiting for a crisis situation to occur, it’s better to start planning while there is still time. By taking control of the situation through pre-planning, you can guarantee you or your loved one will receive excellent care without the fear of running out of money in the process. To help you get started, Sage Wealth Strategy provides easy to implement tips and strategies for protecting your assets throughout the book.
Some of the main focuses Includes:
• How to prepare for long-term care
• Legal strategies and government benefits
• Benefits available to veterans for long-term care
• Tax incentives available to those who plan ahead for long-term care
• Tips for choosing home care and nursing home providers
What I like about Don’t Go Broke in the Nursing Home is that it empowers aging adults to take control of their physical and financial health. Taking control of your finances is something we stress to all clients of Sage Wealth Strategy. Knowing how your money is working for you and being intentional about the strategies you use is essential to a healthy financial future.
While Don’t Go Broke in the Nursing Home provides readers with a good place to start as they prepare for the possibility of long-term care, it’s just that; a starting place. Working with Sage Wealth Strategy is a great way to ensure you’re adequately prepared. Not only can we help you understand the ins-and-outs of long-term care planning, but we can develop a customized strategy to make sure you don’t run out of money in the process.