"My mom was just diagnosed with Alzheimers.
What path do I choose to prepare for the future?"
Long Term Care Planning can involve many issues. First, what is Long-Term Care? Someone with a long physical illness, a disability, or a cognitive impairment such as Alzheimer’s disease often needs long-term care. Many different long-term care services can help people with these conditions. Long-term care is different than medical care, because it generally helps you to live as you are instead of improving or correcting medical problems. Long-term care services may include help with activities of daily living (ADL’s), home health care, respite care, hospice care, or adult day care. Care may be given in a nursing home, an assisted living facility, a hospice facility, a day care facility, or in your own home. Ray will help you and family members with discovering a suitable way to pay for this type of care before a family member may need it. Planning ahead helps remove the worries associated with an illness and puts the family member in an appropriate, comfortable place.
Choosing the right investments can be overwhelming without an advisor. You need someone that understands your personal goals, needs and circumstances. Ray will take the time to learn and discuss what is most important to you as well as different alternatives in order to help achieve those goals. He’ll let you know how your investments will affect your tax returns so that you can make informed decisions, he’ll work with you to adjust your plans to meet new or unexpected goals, and he will advise you based on your overall investment objectives. Ray is a fiduciary which means his recommendations are acting in your best interests. With Ray, it’s more than just knowing about investments - it’s about knowing you.
Diversification does not guarantee a profit or protect against a loss.
One in four Americans say taxes keep them up at night. 78% say tax planning is an important step in protecting their wealth but only 31% have addressed it with an advisor*. With a tax-deferred account, taxes are postponed until money is withdrawn. Deferring taxes within an investment portfolio can allow more of the investment returns to compound over time, potentially resulting in higher long-term returns**.
* Source: Lincoln Financial Group and Hanover Research, "Managing Long-Term Care Risk Survey." October 2014.
** Projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Withdrawals would be subject to federal income tax in the year they are withdrawn. A penalty tax may be imposed for early withdrawals.
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Please contact Ray directly at 216-910-1858.