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Is Long-Term Care Insurance Right for Your Retirement Plan?

Nearly 45% of people over 65 will require long-term care, with costs averaging over $100,000 per year. Without a plan, these expenses could quickly deplete your savings, making it essential to consider self-funding, government assistance, or long-term care insurance.

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Lifestyle & Money, Budgeting & Financial Foundations Michael Hollis, CFP® Lifestyle & Money, Budgeting & Financial Foundations Michael Hollis, CFP®

Plan Ahead: The Power of Sinking Funds

There’s nothing like the peace of mind knowing the money for upcoming expenses is already set aside. While an emergency fund covers unexpected events, a sinking fund helps you plan for those you can foresee—like taxes, insurance, and holiday gifts. It's a simple way to manage recurring expenses without stress.

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