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The Best Way to Plan for Long-term Care

5 Questions to Ask When Planning for Long-Term Care

Protect Your Interests and Those of Your Family Members by Taking a Proactive Approach to a Subject No One Wants to Deal With

David C. Wyld
4 min readJan 13, 2020

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Photo by Matthias Zomer from Pexels

Even if you’ve worked hard to save for retirement and create the financial security you want in the future, the need for long-term care could throw a wrench into even the most well-thought-out plans and impact you and your loved ones’ finances. This article looks at 5 questions you should consider as you begin the long-term care planning process.

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You may not want to consider a time when you might not be able to fully take care of yourself, but the reality is there is almost a 70% chance someone turning 65 today will need some type of long-term care service and support in his or her lifetime, according to the U.S. Department of Health and Human Services.

Even if you’ve worked hard to save for retirement and create the financial security you want in the future, the need for long-term care…

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David C. Wyld
David C. Wyld

Written by David C. Wyld

David C. Wyld is a Professor of Strategic Management & Consultant. Follow him here on Medium for his latest publications. He supports his fellow Medium writers.

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