As Financial Planners, ensuring our clients have a proper and well-built plan that covers all stages of life is at the heart of everything we do.
One area that we feel more of a focus is required is the cost of elder care. Trying to build a financial plan without considering their long term care costs later in life is an issue we felt needed more data.
In this post, Chelsea Prime-Ricchio takes a look at the various options available in Canada and provides guidance on how to use these costs in your modelling work with younger clients.
Long-Term Care and Planning | Bird’s Eye Wealth Planners
Last year, Bird’s Eye searched for research on average long-term care costs for the purposes of improving our financial planning deliverables for clients. Sam and I have little personal experience with the long-term care system and it was becoming obvious this was a gap in our knowledge. We wanted to address this gap because growing old is something that will affect all our clients.
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