The Cost Of Long-term care and How to pay for it

*The Cost of Long-term Care *and how to pay for it

*Someone turning age 65 today has an almost 70% chance of needing some type of long-term care services and support in their remaining years. For many, the cost will place a burden on their finances, with already high costs expected to rise on average over 30% in the next decade: *

*Donnie Keller Reta Realty Group, Your SRES® Real Estate Professional can help *

The funds for long-term care can come from financial instruments such as immediate annuities, from government programs such as Medicaid and Veterans benefits, from long-term care insurance, from personal savings and investments and even from a reverse mortgage if the senior is choosing to age in place.

For many seniors, because their home is one of their most valuable assets, the proceeds of the sale of a home can be a primary source of funds for long-term care. This may be especially appropriate if they are considering moving to a long-term care facility or other location that better suits their changing needs. You’ll be comforted in knowing that your SRES® Real Estate Professional has the focus and experience in helping seniors with these types of real estate needs.