September 25, 2024
One of the biggest challenges to planning for retirement is anticipating what our health and personal care needs will be as we age. We all know that as we get older our health and ability to care for ourselves decline. But the timing and impact of these declines can be hard to predict. Many people think if they’re in good health today they’ll be able to self-manage their care needs over time.
It’s easy to underestimate future care needs, how much care will cost, and your ability to pay for it. So, planning for long-term care early — even if it’s hard to imagine needing it — is important to protect your retirement savings and ensure you have enough resources should care be needed.
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