Our ageing parents may need full-time care before we're ready to retire. What can we do to protect our funds and prepare to help them, too?
Answers | 2
We get this one quite often and having many close friends and an extended family, I have gained much valuable experience with this one.
LTC may work for both you & your parents-more importantly, affordability over the long term is where we need to dive deep into. We can certainly help you keep more of your hard earned $$ working just as hard for you as you have for the $$. because you deserve nothing less.
Some questions off the top of my head:
1). Do you have an Estate plan set up for you & your parents?
2). What are your thoughts on living at home verses assisted living for you & your parents?
3. What is your best estimate on total costs for your parents and you during retirement?
4). What is your MARR (Minimum Acceptable Rate of Return)
The main things to consider are time & how much in assets you have available.
First. we need to determine how much in assets you currently have to work with. Next, how much time do we have to grow those assets before you need to take some out. Also, we need to ensure that you never run out of assets and set up contingency plans for the unexpected.
We can customize a portfolio for you. As an Investment Manager, my job is to eliminate risk by getting you where you need to be and keeping you there.
Feel free to contact me to discuss further. No obligation.
It's not what you make, It's what you keep that determines your lifestyle.