This topic may not be at the top of your list as tax season approaches, but it’s too important not to think about it. This is a great opportunity as you meet with clients to provide some long-term planning advice that is also tax-related.
Did you know that the average annual cost of nursing home care is around $75,000? It’s even more troubling that you may not realize and your clients definitely do not know that Medicare doesn’t pay anything for nursing home stays after 100 days! Are your clients prepared to pay out of pocket for themselves or a loved one for an extended 3-5 year stay? Unlikely – so help them start preparing today to prevent a nasty surprise down the road.