A financial advisor may need to help the clients and their families plan for the last stage of life. When planning for retirement, most people focus on wealth management and insurance. But a well-rounded retirement care plan should address other vital elements, including long-term healthcare and estate planning. Although planning for illness or death can make some people uncomfortable, one can guide the clients through the creation process of a retirement care plan that will allow them to perform these important retirement tasks: generate enough wealth to sustain a desired lifestyle, protect wealth in the event of a long-term medical problem, such as a stroke or the onset of Alzheimer's disease.
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