Think about the reasons you would want to plan ahead for long term care expenses. You probably want to protect yourself and loved ones from having to make the difficult choices or rush decisions that individuals face when they haven't prepared. You may have expectations for your retirement lifestyle or the size of the legacy you would like to pass along to the next generation.
But what if you needed long-term care? Will the savings you have be sufficient to cover expenses or will you need to spend down retirement or estate assets?
About 70% of people over age 65 will require some type of long-term care services during their lifetime. Don't wait too long—the earlier you begin to plan for this probability, the more money you will have to cover these services.
NYWIFT members are invited to attend a special session presented by Merrill Lynch Wealth Manager Nathan Browne on Tuesday, June 4, 2013 at 4:00 pm.
There will be lunch served for all attendees so please arrive 15 minutes early.
Topics covered will include:
- Why preparing for long-term care now makes sense
- Creating a reserve
- Planning for healthcare costs in retirement
- Considering both your health and your wealth in your planning
- Importance of planning for healthcare costs
- Coverage options before and after 65
- Preparing for a healthy and financially sound retirement
- Pre-Medicare health coverage
Nathan Browne is a financial advisor at Merrill Lynch's Manhattan East Financial Complex, where he centers his practice on helping clients efficiently structure all facets of their financial portfolios. His approach to wealth management is consultative, objective and committed to excellence. Browne joined Merrill Lynch after a distinguished career beginning in 1992. His career experience includes assisting clients in asset management at Neuberger Berman and retirement planning at TIAA-CREF. Together with his team, Browne is able to deliver a preeminent client experience with a holistic approach to all aspects of financial planning.
NYWIFT programs, screenings and events are supported, in part, by grants from New York City Department of Cultural Affairs in partnership with the City Council, and New York State Council on the Arts with the support of Governor Andrew Cuomo and the New York State Legislature.
Last updated: Jun. 4, 2013