Are You Prepared?

By Tyrone Armstrong

As we all know, one of the biggest concerns we have is being taken care of with the best possible care in the event of an illness or accident that leaves us in a position of needing assistance with daily functioning. A lot of times at a young age, we tend to think we're immune to these types of events happening to us but as you look around you, unfortunately, the reality is none of us are immune to it. Not only would a person have to deal with such an event happening to them, but would also have to worry about how would they pay for such care if needed. Health insurance only pays for doctor and hospital bills, Medicare only covers short-term skilled nursing home care, and Medicaid only pays if your assets are very limited. With that being said, if you need long-term care due to an accident or serious illness, you will be paying this massive cost out of pocket which can deplete your funds fast. The risk of you needing this extra care after 65 is 70%! And 95% of couples! That's staggering! So let me ask you. Have you thought about your parent's long-term strategy? Also. If I can show you a way to leverage your dollars, would you be interested in hearing about it? There are some things in life you can't afford not to have.

Are you prepared financially for retirement, preserving your legacy, or a medical emergency?