Long-Term Care: A Women's Issue Now
Life expectancy continues to increase, and the longer you live the greater your chance of needing some level of personal care assistance. Long-term care can have a devastating impact on your finances if not budgeted for. Could your retirement plan support an extra $50,000–$60,000 a year for part-time homecare assistance? Or $90,000–$110,000 a year for full-time facility care? And since women live longer than men, guess who uses most long-term care benefits? Did you know that as a result, almost all insurance companies charge women more—about 40% more than men? Berman explains why, more than ever before, long-term care is a women's issue!
ABOUT OUR GUEST
“Financial Peace of Mind Strategist” Christen Berman is Managing Director at Redwood Tax Specialists in West Lake Village, California. Her financial expertise ranges from tax planning to insurance strategies, for individuals as well as businesses, organizations, and entrepreneurs.
A longtime friend of UWM, Christen understands how daunting it can be to take charge of your financial life. She loves helping people understand how money really works—including how to put the power of “uninterrupted compounded interest” to work to fund college education, a new car, or real estate, while still growing your nest egg. Her motto is “Helping you build your greatest wealth—your peace of mind."