Long-term care misconceptions and myths among financial advisees

Reporter: David LaMartina

Publication: ThinkAdvisor


Deadline: Apr 17, 2017 7:00 pm

This story will be featured in a new, retirement-focused section of Nationwide’s ThinkAdvisor website. The new section will be
similar in content to the previously featured Retirement Wire: The first round of stories will focus on topics related to healthcare and long-term care. A long-term care plan is a critical part of a viable retirement strategy. However, many advisees are in the dark on the subject. How much will it cost? How will I pay for it? Can’t my kids just take care of me? Will I even need long-term care? These are questions many clients ask (or don’t even know to ask in the first place). This piece will cover some of the most common misconceptions among clients regarding long-term care. Overall, the article should help other financial advisors determine what information to provide and what questions to ask – questions that many clients wouldn’t otherwise consider. Requirements: I would like to speak with a couple of financial advisors who frequently advise clients on planning for long-term care.

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