CompleteMarkets
LISTEN, UNDERSTAND, RESEARCH, HELP. Money management has a new reality. Financial-planning efforts must consider “the whole client.” We offer a multi layer approach that starts with education. We strive to gain your trust then deliver the results you seek. At Gelinas Financial Group, Inc., our passion is supporting our clients by adding value: You need information to make correct decisions. We’ll help you achieve higher levels of success and better process management through cutting-edge solutions, training, mentoring, and continuing education. Our objectivity and independence mean you get the financial-planning and risk-management solutions that meet the unique demands of your present situation. We offer our expertise in the following areas: Financial Planning Retirement Planning Insurance Investment Coaching Annuities More Hope is not a strategy. We meet with our clients regularly to scrutinize their investments and make adjustments.
Think ahead for Long Term Care
Gelinas Financial, GA, Long Term CareIf you have ever had a loved one need long-term care assistance, you know how terribly expensive it is. Entire life savings can be sucked away to provide for that care. It is stressful and painful for all involved. Average monthly costs are in the $7,000 range and continue to climb. Medicare does not cover Long Term Care Expenses, only immediate doctor care, and rehabilitation costs. If you have a disease like Alzheimer’s you may live for years where your body functions as your mind deteriorates. There is a 70% chance that someone turning age 65 will need some type of long-term assistance. The average duration is 3 years, though it is longer for women at 3.7 years, and 20% of people will need over 5 years of care. Medicaid will cover some form of long term care, but only when all assets are spent down to the poverty level. You have to think about this and plan for it. If you have a history of Alzheimer’s or dementia in your family, you absolutely need to be thinking about this. If you have assets that you wish to hand down when you die, you need to think about how to protect them. There is a wonderful resource at www.LongTermCare.gov that does a really good job of spelling it all out. Long-term care insurance, Life Insurance with long-term care riders, and some annuities can provide the solution. But with some of these (life insurance and long-term care), you need to be in good health when you apply. Even if you are in your 30’s or 40’s it is not too early to consider the options, as a life insurance policy with a long-term care rider may make very good sense. I speak from experience, because I personally have one. If you decide that you want to explore options, let me know. I am an independent, able to shop and explain the entire spectrum of plans available to help you to find a program suitable for you. This stuff is not fun, but it is essential to look at all parts of your financial picture, and long-term care is a part of it.
Shawna Kreis
Other articles by: Shawna Kreis
This content has not been rated yet.