Long-Term Care Planning

Protect Your Income. Protect Your Family. Prepare for the Unexpected.

A Plan for One of Life’s Most Overlooked Risks

Many retirees focus on saving, investing, and generating income—but fail to prepare for one of the most financially devastating events they might face: the need for long-term care (LTC).



At Safe Financial Solutions, we help our clients plan for this reality with compassion, clarity, and strategy. We believe no retirement plan is complete without considering how you or your spouse would be cared for—and how that care would be paid for—if long-term care becomes necessary.


Whether it’s in-home care, assisted living, or a skilled nursing facility, the rising costs of care can quickly drain your retirement income, deplete your assets, and place an emotional and financial burden on your loved ones. But with the right planning, you can protect your assets and maintain control—no matter what the future holds.

The Harsh Reality of Long-Term Care Costs

According to recent studies, the average cost of a private nursing home room exceeds $100,000 per year. Even assisted living can cost $4,000–$6,000 per month. And Medicare? It doesn’t cover long-term custodial care.


Many families are blindsided when a health event strikes. Without a plan, they’re left spending down retirement savings or relying on family members to step in.



The better option? Prepare in advance with a customized strategy that fits your retirement income plan.

Why Traditional LTC Insurance Isn’t the Only Option

Years ago, traditional long-term care insurance was the go-to solution. But today, many retirees find those policies too expensive, too restrictive, or simply out of reach due to age or health history.

That’s why we often recommend asset-based long-term care options that offer greater flexibility and added benefits:

  • Use it or don’t lose it: If you never need care, many plans offer a death benefit to your heirs
  • Tax-advantaged: May allow for tax-free access to benefits when used for qualified care
  • No ongoing premiums: Some plans are single-premium or use repositioned assets
  • Spousal protection: Can be designed to cover both spouses under one plan

We show clients how to use portions of their IRA, annuities, or other savings to fund an LTC plan—often without affecting their lifestyle or income.

Integrating Long-Term Care Into Your Retirement Strategy

We don’t view long-term care planning as a separate decision. It’s integrated into your larger retirement income and asset protection plan.

During your consultation, we:

  • Assess your financial exposure to long-term care risks
  • Evaluate whether an asset-based plan could help protect your retirement income
  • Discuss how LTC planning ties into your overall estate, tax, and income goals
  • Walk you through options that work with your health, age, and financial priorities

You’ll never be rushed or pressured—just informed and prepared.

What Is Asset-Based Long-Term Care?

Asset-based LTC planning uses existing savings—often in the form of life insurance or annuity products—to create a long-term care benefit. These hybrid products offer:

  • Guaranteed access to care funds if needed
  • Return of premium or death benefit if not used
  • Tax-free benefits under current IRS guidelines
  • No "use it or lose it" risk

Many of these solutions are single-premium policies—meaning you can reposition an idle asset (such as from a CD, money market account, or underutilized IRA) into a vehicle that protects against LTC risk without requiring ongoing premium payments.


And because these are insurance products—not investments—they are designed with guarantees. Your benefits won’t vanish due to market volatility, and your family will know exactly what’s available if care is needed.


In short, asset-based LTC gives you more control, more predictability, and more peace of mind—all with fewer limitations than traditional long-term care insurance.

Your Next Step

Too many retirees avoid long-term care planning because it feels complicated or uncomfortable. But doing nothing is still a choice—and one that often comes at a high cost:

  • Eroded retirement savings: Care costs can eat away at income-producing assets
  • Tax inefficiency: Unplanned withdrawals may trigger large tax bills
  • Family strain: Children or spouses may be forced into caregiving roles
  • Lost independence: Without resources, choices become limited
We believe your retirement income should support your life, not be diverted unexpectedly by health events.
A black and white photo of an older man holding glasses.

The Binder: Your Financial House, Organized

As part of every client engagement, we provide a Personal Financial Inventory Binder that keeps everything organized in one place. This isn’t just paperwork. It’s your roadmap for your family, your spouse, and your peace of mind.

It includes:

  • Tax returns
  • Investment statements
  • Social Security info
  • Insurance policies
  • Trusts and legal documents
  • Clear instructions for heirs

Your plan is only as good as your ability to execute it. We make that part simple.