Industry Commentary
Financial Advisor: How To Keep Long-Term-Care Costs From Derailing Retirement Plans
Tom West explains why proactive long-term-care planning requires families to address both financial risk and the psychology of denial.
Long-term-care costs can significantly disrupt even carefully designed retirement plans, yet many families avoid planning for the possibility of future health-related needs. Tom West, Managing Senior Partner at SEIA, discusses why denial can prevent retirees from confronting these risks and explains how proactive planning can help preserve financial flexibility, independence, and family choice.
Read the Full ArticleJune 13 2025
According to the Urban Institute, the population of Americans age 65 and older is on track to increase nearly 50% in the next 15 years, to more than 80 million. That means demand for long-term care will almost certainly rise, too, and it won’t come cheap. Advisors who fail to account for the potential drain on retirement outcomes are distorting their projections, experts warn, and setting their clients up for failure.
Yet how can advisors better prepare retirees for such an overwhelming liability?
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