A recent article from Financial Advisor Magazine, discusses the growing need for long-term care among Americans aged 65 and older, projected to increase by nearly 50% in the next 15 years, reaching over 80 million. Experts emphasize the importance of incorporating long-term care expenses into retirement planning, suggesting that advisors should allocate between $300,000 and $450,000 to cover at least one spouse's potential care needs. Brett Bernstein, CFP®, CEO of XML Financial Group, is quoted in the article, underscoring the challenges clients face in affording long-term care and the complexities surrounding insurance options. The piece also explores various insurance solutions, including stand-alone and hybrid policies, and the necessity for early planning to ensure financial preparedness for potential care needs.

Read the full article here.

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