Issue #143

News and Events

Spotlight:

• National Family Care & LTC Awareness Month
• Office Holiday Hours
• Medicare Alert
• Year-end Deadlines
• Pet Spotlight
• LPL Statement Alert
• LPL Market Research

Hello Marion,

As the holidays approach, the opportunity to have conversations with loved ones about our wishes for extended healthcare often arises.

Long-term care (LTC) refers to a range of services designed to meet the needs of individuals as we age, who have chronic illnesses, disabilities, or other health conditions requiring assistance over an extended period.

We know that understanding long-term care planning can be daunting, yet it is crucial for our future health needs, ensuring we receive the support we require within a suitable setting. LTC aims to enhance the quality of life for individuals needing assistance as well as family support, providing relief for family members who may otherwise be caregivers.

Here’s an overview of some key, LTC points:

Types of Long-Term Care

1. In-Home Care: Services provided at home, including personal care, homemaking, and skilled nursing.
2. Assisted Living: Residential facilities offering personal care services and support in a community setting.
3. Nursing Homes: Facilities providing comprehensive medical care and assistance with daily activities for those with serious health conditions.
4. Continuing Care Retirement Communities (CCRCs): Offer a continuum of care from independent living to skilled nursing.

Key Features

• Personalized Care Plans: Tailored services based on individual needs, preferences, and medical conditions.
• Support Services: Include activities of daily living (ADLs), rehabilitation, and social activities.
• Cost Considerations: LTC can be expensive, often requiring long-term financial planning; various payment options include private pay, insurance, and government programs like Medicaid.

Challenges

• Access to Services: Availability and affordability of quality care can vary by location.
• Policy and Regulation: Navigating the complexities of healthcare regulations and insurance can be daunting.

There isn't a single, perfect approach to planning for each person's long-term care needs. However, starting the conversation and integrating solutions into your overall financial plan is essential for preparing for your family's future. Whether through self-funding, purchasing insurance, selling assets, or a combination of these strategies, it's important to begin the long-term care discussion. Together, we can work to address your concerns and develop actionable solutions tailored to your unique needs and preferences. Here is a resource to help you and your loved ones get started. If you know someone who could benefit from this information, feel free to share it.

Financial Steward Associates

How would you describe your pet’s personality in one sentence? Clingy, loving, silly, pup at heart.

Give us a fun fact about your pet.  He is very expressive in his face. From smiles that he is happy, to looks of guilt when he eats a loaf of bread off the counter when we are gone! 

What’s your favorite thing about your pet? He is very loving, always excited and happy, and lights up when you walk through the door.  He loves everyone!

Tell us the story of how you got your pet.  Our youngest daughter at age 3 was deathly afraid of dogs. I was working at a chiropractic clinic and one of our clients stated her golden retriever became “friends” with the yellow lab next door and the puppies needed homes. We decided to get a pup for Cadence to grow up with so she wouldn’t be afraid anymore.  We picked him out of litter of 8. He was the only boy. My husband stated since he was the only boy in the house we were not getting a girl dog too!.  We picked him up at 9 weeks old and he has been with us ever since!  

Who To Contact

Marion Steward, CFP®

for comprehensive Financial Planning, support with financial strategies and investment advice

Heather Williams, CFP®

for comprehensive Financial Planning, support with financial strategies and investment advice

Ned Meloni, CFP® CRPC®

for comprehensive Financial Planning, support with financial strategies and investment advice

Sid Smith, CFP®

for Financial Planning requests and investment updates

Dana Duckman, CFP®

for Financial Planning requests and investment updates

Harmony Dunnick  - Senior Client Service Associate

for opening new accounts and facilitating account transfers, coordinating contributions and withdrawals, and scheduling Financial Reviews

Nikki Samolovitch - Client Service Associate

for opening new accounts and facilitating account transfers, coordinating contributions and withdrawals, and scheduling Financial Reviews

Alex Dunnick - Office Assistant

for answers on general information, special events and scheduling a meeting with an advisor 

Christina Boykin - Operations and Office Manager

for answers on general information and special events 

Not sure who to contact? Email us at our general mailbox and we will direct you!

financial.steward@lpl.com

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Financial Steward Associates, a registered investment advisor and separate entity from LPL Financial.

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