Did You Know? Long Term Care

Did You Know? Long Term Care

Did You Know? Long Term Care

Long Term Care Insurance (LTCi) is a range of services and supports you may need to meet your personal care needs. LTCi is not medical care, but rather assistance with the basic personal tasks of everyday life sometimes referred to as “Activities of Daily Life” or “ADLs”.

Did you know…

  • More than 70% of people age 65+ will require long-term care services during the course of their lives?
  • As of 2014, the average length of stay at a nursing home was more than 2 years? And 20% will need long-term care for over 5 years?
  • As of 2014, the average daily cost of staying in a nursing home is over $250, which means that staying in a nursing home could cost over $90,000 per year?
  • On average, women live 5 to 10 years longer than men and therefore are more likely to need long-term care?
  • Roughly 4% of Americans required long-term care in 2007, and that number is expected to increase more and more.

Long-Term Care needs and services vary dramatically, and without proper planning could put you or a loved one in an extremely challenging emotional and financial situation.

Source: Harris-KojetinL,SenguptaM,Park-LeeE,ValverdeR.Long-termcareservicesintheUnitedStates:2013overview.
NationalCenterforHealthStatistics.VitalHealthStat3(37).2013.

Did You Know? Long Term Care2016-11-17T11:44:24-04:00

Even after his tragic demise, one of the most talented musicians of our time leaves everybody some advice.

While everyone mourns his tragic death, Prince leaves another important message

After Prince’s tragic death, there has been a surge in estate planning.  It’s unfortunate that a tragedy such as this creates a movement, but on the bright side it is forcing people to think about a difficult decision that is extremely important.

Are you adequately protected?

http://goo.gl/VBn7bb

Even after his tragic demise, one of the most talented musicians of our time leaves everybody some advice.2016-11-17T11:44:24-04:00

Welcome to the CTS Financial Group Blog!

Welcome to the CTS Financial Group Blog!

We are extremely excited to provide our clients and visitors with another avenue of communication in hopes of increasing collaboration and interaction with the team at CTS!

The CTS Financial Group blog will cover a variety of subjects including all sorts of financial topics ranging from market conditions, tax preparation, financial planning, insurance and more as well as non-financial information such as current events in Chicago (and beyond) as well as articles of interest from around the world and much more.

Our goal is to provide you with a resource for thought-provoking issues supplemented with some educational (and hopefully enlightening) financial content to keep you stimulated and entertained. You’ll be reading topics written by team members from across the board at CTS, and potentially from some guest authors as well.

While we look forward to connecting with you though our blog, it is certainly not a replacement for any traditional means of communication you may have become use to. So fret not!  We just want to provide you with another source of staying in touch with us and discovering not only “what’s new?” at the firm but also learning old and new financial strategies that may be of interest to you.

So please subscribe to our blog and check back frequently as there will be much more to come.  Thank you for visiting our website and reading our blog, and as always if you have any questions, please feel free to contact us!

Welcome to the CTS Financial Group Blog!2016-11-17T11:44:26-04:00