A retirement plan can look well prepared until one question changes the scale of the spending involved: what happens if you eventually need ongoing help with daily living? Housing, travel, taxes, and routine expenses may already have a place in the budget, while a period of extended care can introduce a much larger and less predictable demand on retirement resources.
Long-term care planning gives that possibility financial structure before the need becomes immediate. John Mateyko is a Fiduciary Financial Planner and Managing Partner at IDEX Financial, where long-term care planning is one of the firm’s established planning areas. His Retirement Income Certified Professional® (RICP®) and Accredited Portfolio Management Advisor℠ (APMA®) training also brings retirement income, portfolio risk, and asset allocation into the discussion.
