Asset Planning Protection for Seniors

Asset protection planning is extremely important to seniors because most do not have the option of going back to work. The biggest threat to the financial security for most seniors is disability, and the need for long-term care.

Planning for this risk is critical. Healthcare costs can be paid via savings and earnings, long-term-care insurance, MassHealth, or some combination of the three. Make sure to integrate your investment planning with your estate planning.

To protect your nest egg responsibly, you must plan ahead, not only by saving and investing wisely, but also by making sure you have the right legal documents in place. There are a lot of moving parts to this type of planning, but a trusted advisor can help your navigate it. Such an investment of time and resources is well worth it.