Create an income plan that helps clients pay for health care

The significant expense of health care may be inevitable for your clients in retirement. But with your help, it can also be manageable so that it doesn’t overshadow all the great parts about being retired. The key is planning for those costs ahead of time, and the Vanguard webinar Elevate your practice: Guiding proactive health care conversations on September 10, 2024, can show you how.

You increase your value as a financial advisor when you help clients view their projected health care costs and financial planning for retirement holistically. Vanguard has helped thousands of advisors like you to navigate this topic through our educational health care webinars, advisor-supporting health care content, and online tools. We’re excited to continue sharing this expertise as you and your clients gear up for the 2024 health care open enrollment season.

At the highest level, a three-step approach to health care expenses can provide you and your clients a simple yet effective framework:

1) Budget for health care: With your help, clients can proactively consider health care expenses so that they can also enjoy the rewards of retirement.

2) Plan how to pay: This involves mapping out in detail how health care costs fit into specific clients’ budgets.

3) Review the likelihood of long-term care (LTC): Discuss with clients the possible, eventual need for long-term care, and explain how they have multiple ways to prepare for it.

Attend the event to unlock specific, detailed tactics your clients can use in addressing each of these three pillars.

Notes:

The information contained in this website is for informational and educational purposes only. The information on this website does not constitute financial, investment, legal or tax advice. Please consult with an attorney or tax professional for your specific situation.