Financial Considerations
Fiscal Planning
Have you downloaded the template?
This will help guide you through this site. Learn More: www.aplan2age.org/plan.
Your plan should address your:
everyday financial life
Retirement
possible need for Long Term Care
Your plan should address your:
everyday financial life
Retirement
possible need for Long Term Care
Have you downloaded the template?
This will help guide you through this site. Learn More: www.aplan2age.org/plan.
Financial Plan
Creating the Plan
A Plan may be created by yourself or in consultation and planning with your family. In many cases it may be warranted to engage with a Financial Planning Professional. That person will assist in the creation of the Plan, from strategy to investments.
The Right Age To Plan
There is no “right” age to begin the Plan, however the earlier the better. Once an individual begins “earning a living” a plan should be developed. The need for long-term care may be many years off, but costs will continue to rise. In addition, an adult child may be asked to supplement or pay for an older loved one’s long-term care. It is recommended to start planning in your early 20’s, but at least by the time you turn 35.
Planning Later in Life
If beginning a Plan later in life, a financial advisor should be engaged who is knowledgeable about both retirement and long-term care. This professional needs to understand all the options for care, the cost of care and how to invest for these eventual costs.