So you think you’re finally ready for retirement. You’ve got your financial planning in place; your investment portfolio is comprehensive and you’re pretty sure you’ve got all your bases covered. But are you prepared for the possibility of  your future days being not as rosy as you hope? Are you ready if you or your significant other becomes ill? And what happens if you become disabled? Are you covered for that possibility? With experts estimating that approximately 70% of Americans, aged 65 and older will need some type of long term care, covering those costs is of vital importance to your overall livelihood.

With health care being the most significant expense during retirement, the inclusion of long term care insurance is a very useful tool for everybody who is remotely close to retirement age. In fact, as financial advisors in Naples we recommend that, because of the unpredictability of life, many of our clients carry a long term care policy. Long term care insurance can help cover the expenses incurred with home health care, hospice care, private nursing homes and extended hospital stays.  In Florida, the median annual cost for a semi-private room in a nursing room is more than $87,000. The average cost of a home health aide is approximately $42,000. Should you or your spouse need these services, are you financially prepared?

At Advanced Wealth Advisors, we’ll work to find the best options in long term care insurance to protect your retirement nest egg from being decimated by unexpected health issues. Make sure that your retirement plan is truly comprehensive by first speaking with an Advanced Wealth Advisors long term care specialist today.