Key Takeaways:
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The average U.S. nursing home costs around $100,000 annually, and eldercare expenses often rise faster than general inflation.
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Having a plan for eldercare costs is essential, whether it includes insurance, self-funding, or both.
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If savings fall short, working part-time or cutting discretionary expenses can help close the gap.
Clayton joined AP Wealth Management as a fee-only financial planner in 2019 bringing with him over a decade of experience working as a financial planner and investment advisor. Clayton is passionate about the commission-free business model that allows him to sit on the same side of the table as the client, serving as a fiduciary for them.