Guidance For My Aging Parents

 In Ozarks Live, Financial Planning

Guidance For My Aging Parents

The costs associated with caring for aging parents can be overwhelming. It’s common to underestimate the costs of nursing home care and other forms of assisted living, so financial retirement planning is necessary for ensuring proper care. According to LongTermCare.gov, the average cost of a nursing home per month in the state of Missouri is between $5,171 and $9,735. By planning for these costs, you can be more prepared and ready to give your parents the care they need as they age.

Making a plan before a crisis occurs is key to proper financial retirement planning, as emergency planning is costly and can be incredibly difficult on your family. Be sure that you have had a sit-down conversation with your family members to know their plans and their financial needs. It’s important to reassess this every so often, as plans may change depending on different financial circumstances or medical needs.

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We are an independent firm helping individuals create retirement strategies using a variety of insurance and investment products to custom suit their needs and objectives.  This material is intended to provide general information to help you understand basic financial planning strategies and should not be construed as financial advice.  All investments are subject to risk including the potential loss of principal.  No investment strategy can guarantee a profit or protect against loss in periods of declining values.  

The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions.  

We are not permitted to offer, and no statement contained herein shall constitute, tax or legal advice.  Individuals are encouraged to consult with a qualified professional before making any decisions about their personal situation.  Our firm is not affiliated with the U. S. government or any governmental agency.  Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM).  AEWM and The Resource Center are not affiliated companies.  AW03181943

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