Long-Term Care Planning
One in seven Americans will need long-term care for more than five years, but very few families are planning for this event. Cost is one reason: the five-year price of long-term care already exceeds a half a million dollars. Within 30 years five-year costs will rise to $1.9 million.
Planning is everything.
No one wants to talk about long-term care … which is exactly why we need to start this conversation. Check out Morgan Stanley’s white paper on long-term care planning, available here.