How likely are you to need Long-Term Care? Chris Boyd and Jeff Perry dig into the data on the average incidence and duration of long-term care needs and who is most likely to have a severe, sustained, long-term care incident. During this episode, Chris and Jeff review a recent article from Morningstar (see link below) which outlines the likelihood of a sixty-five-year-old needing some type of long-term care. The conversation reviews several data points including wealth level, marital status, gender, and self-reported health status. Chris concludes the discussion by explaining how the issue of potential long-term care needs properly fits into a comprehensive financial plan.https://www.morningstar.com/retirement/how-likely-are-you-need-long-term-care

For more information or to reach Chris Boyd or Jeff Perry, click the below link:

https://www.wealthenhancement.com/s/advisor-teams/amr