Long-Term Care Planning
We don’t just want you to retire. We want you to thrive. Planning for your long-term care needs and supporting you as your needs change is our ultimate goal. We use tools like HALO (Health Analysis & Longevity Optimizer) to help create more predictability. Click here to complete the free HALO assessment today.
Why it matters
The cost nobody plans for
Most retirement plans assume you stay healthy until the day you don’t. The care that fills the years in between is the largest expense many families never planned for, and the one they least want to talk about.
You may have watched a parent’s savings go to a facility. You may be the person a sibling is quietly counting on. Either way the question sits there: if care is needed, who pays, who decides, and does the rest of the plan survive it?
We think that question deserves numbers rather than a shrug. Long-term care planning at 1.oak puts your health, your family and your money in the same conversation, so the plan for care is written before anyone has to write it in a hurry.
Where this fits
One of the five components of your One of a Kind Financial Plan™. The others:
Prefer one predetermined fee for the whole plan? Flat Fee Planning.
How we approach it
Listen, design, manage
Step 1
Listen
We start with your story: your health history and your family’s, who would step in, and what “well cared for” means to you. Then you take the HALO assessment, which turns that picture into a longevity outlook and a view of the care you may need.
Step 2
Design
With those numbers we look at how care could be paid for: self-funding from the plan, traditional or hybrid long-term care insurance, life insurance with care benefits, or a blend. Each option is weighed against the rest of your One of a Kind Financial Plan™, never in isolation.
Step 3
Manage
Health changes, and so does the cost of care. We revisit the assessment and the funding plan in your ongoing reviews, and we are here for your family on the day the plan has to be used.
What’s included
- The HALO (Health Analysis & Longevity Optimizer) assessment, free, with a walk-through of what it says
- A longevity outlook grounded in your health profile rather than a national table
- An estimate of potential care costs and their timing, in today’s dollars and projected
- A funding comparison: self-funding, long-term care insurance, hybrid policies, or a blend
- Coordination with your retirement income and legacy plans, so a care event does not undo either
- A written plan your family can find and follow
- Ongoing reviews as your health, your family or the cost of care changes
From the blog
Ideas by Mike™ on long-term care planning
Long-Term Care Planning questions, answered plainly
Earlier than most people expect. Insurance-based options depend on your health at the time you apply, and self-funding takes years to build. Many clients open the conversation in their fifties, but the right time is whenever the question starts to matter to you or your family.
No. Insurance is one way to fund care; it is not the plan. We compare it with self-funding and hybrid approaches against your full financial picture, and some plans use none of it. As an independent firm we are not tied to any carrier.
HALO stands for Health Analysis & Longevity Optimizer. It translates your health profile into planning numbers: how long your money may need to last and what care could cost. We use it because a plan built on an average lifespan is a plan built for someone else.
It is one of the five components of the plan. Long-term care planning is built alongside your tax, retirement income, investment and legacy planning, because a care event touches all four.
Yes. The assessment is free. Complete it online and bring the results to a complimentary call; we will read them with you.
Educational information, not individualized advice. Investment advisory and financial planning services offered through Advisory Alpha, LLC, a Registered Investment Advisor. Insurance, coaching, and education services offered through Ideas by Mike, LLC, DBA 1.oak Financial.
