Planning for the Future with Long-Term Care
Long-term financial planning and investment services will protect you throughout each life stage, including retirement. Long-term care planning accounts for the cost of long-term care services you might need as you age, so the burden of paying for these services does not rest on your family. At Sun Cities Financial Group in Phoenix, AZ, we believe a comprehensive retirement plan should include long-term financial planning and investment services. Our long-term financial planning services focus on long-term care and developing and growing funds, accounts, and investment strategies that maximize your return so you have the funds you need for long-term care.
Understanding Long-Term Care
We believe long-term care planning is about family. Having the right long-term care financial planning in place will spare your family the costs of paying for your long-term care needs and making decisions about your care, even if you’re incapacitated and unable to advocate for yourself. Without a long-term care plan in place, the burden of providing for or paying for care shifts to family members. Relying on your family for long-term caregiving, paying for long-term care, or making decisions for you about your health and needs, has a huge impact on their quality of life. Not only is there a high financial burden, but also an emotional one. To avoid passing on that burden, we can help you develop a comprehensive long-term financial plan that accounts for your long-term care needs:
- Custodial care
- Financial needs
- Asset protection
- Medical services
- Powers of attorney
- Assistance with daily activities
Assessing Long-Term Care Needs
We work closely with each client to assess their long-term care needs and financial goals. We consider factors like age, health, family health history, and lifestyle considerations and preferences when designing individualized long-term financial goals and evaluating retirement investment services for long-term care. With over 15 years of experience in retirement investment services, we deeply understand how to assess our clients’ individual long-term care needs. We are dedicated to considering every avenue to develop a plan that makes sense and is flexible enough to adapt to your changing needs.
Exploring Long-Term Care Options
The complexities of long-term care planning often make it a difficult and emotional process to begin. We help our clients navigate this process and properly plan for long-term care by deciding where and how they want to get care, the type of care they want to receive, who will provide it, granting permission to family to make medical decisions on their behalf, and developing a way to finance that care. We will help you evaluate the different long-term care options available:
- Home Care – Various home and community-based services can help seniors with personal care, medication management, meal planning, shopping, medical visits, light housework, laundry, and more. Medicaid may cover some services, but others are considered out-of-pocket expenses. These services allow you to remain in the comfort of your home. Still, when your needs outgrow the level of home services available, you will have to switch to an assisted living facility, senior housing, continuing care retirement community, or hospice care.
- Assisted Living Facilities – Many assisted living facilities allow you to age in place. This means that as your support and health needs evolve, the service provided also evolves, eliminating the need to move to different facilities each time your care needs change. Depending on the level of care you need, the facility might offer individual or group apartments, nursing and rehabilitation services, meals, laundry services, housekeeping and maintenance, assistance with bathing and dressing, and mobility assistance. In order to ‘age in place,’ you’ll need to pay a higher monthly fee than you would if you were only paying for the services you needed at that moment.
Choose Sun Cities Financial Group for Long-Term Care Plans
We have extensive expertise in helping clients explore and understand various long-term care solutions. We are committed to helping clients make tough decisions about investing their money, and our investment services are designed to mitigate risk and optimize growth. We have designed our business process to protect our clients’ money and provide them with the best possible rates. We go above and beyond to exceed their expectations with our retirement investment services and help explain what is financial planning. We can help you meet your short-term and long-term financial goals, assist with long-term financial planning, and develop a long-term care plan to protect your future needs.
Schedule a Consultation for Long-Term Care Planning
Call us or contact us online to schedule a personalized consultation for long-term care planning and retirement investment services in Phoenix, AZ. We will thoroughly discuss your long-term care needs and develop a comprehensive plan.