LTC in the News: 5 Retirement Costs That Keep Climbing — and How to Prepare for Them

Retirement should be about enjoying the life you’ve worked hard to build, not worrying about unexpected expenses. But as a recent AARP article points out, some costs don’t slow down just because you’ve stopped working.

From healthcare to housing to groceries, certain essentials continue to become more expensive. But one cost stands out, not just for its price tag, but for the emotional weight it carries: long-term care.

Most people prefer not to think about what might happen if they need help later in life. However, the truth is that over half of us will require some form of long-term care. And if there’s no plan in place, families are often left scrambling.

That’s why planning matters, both financially and personally.

In the article "5 Retirement Costs That Keep Climbing — and How to Prepare for Them," CLTC designee and instructor Matt Donaghue shares insights from years of experience helping people have these important conversations. He reminds us that waiting for a crisis to figure it all out is the hardest path.

A good long-term care plan gives you more control. It helps protect your savings. It gives your family guidance. And it ensures your wishes are clear—so that if the time comes, you're cared for the way you would want.

Whether you're planning for yourself or helping clients, the message is simple: don’t wait.

Read the full AARP article here.