Denver Retirement Advisor: Costs of Long-Term Care Services | Jordan Dechtman Wealth Management

long term care advisors

Denver Retirement Advisor: Costs of Long-Term Care Services

In working with clients on their retirement plan, we find that, understandably, many have a goal of staying in their own home for as long as possible before considering an assisted-living or nursing home. And that can make financial sense considering that the cost of in-home care is rising at a slower pace than assisted living or nursing care, according to a recent Genworth Financial study – 1.7 percent over the past five years, compared to 6.7 percent for assisted living and 4.5 percent for private room nursing care.

At the same time, many states are facing severe budget cuts, and according to the Center on Budget and Policy Priorities, at least 25 states have cut programs for meal deliveries, housekeeping help and programs for family caregivers – the kinds of programs th... http://for-insurance.ucoz.com/news/long_term_care_advisors/2013-06-18-3606