Study: Financial plans that cover health care costs create confidence in wealthy investors

07/25/2013 | Financial Advisor ·

According to a study from UBS, only 28% of high-net-worth clients, defined as those with $1 million to $5 million in investable assets, think they're wealthy, mainly because health care and other costs have risen compared with rates of return. This should spur advisers to assist clients in looking for ways to fund health care and long-term care after retirement, a top concern for respondents. Of those surveyed, investors with a financial plan that took such expenses, as well as financial support for the next generation, into account had a high level of confidence in their planning. Utilize The CPA's Guide to Financing Retirement Healthcare to help your clients develop a health care and long-term care plan for retirement.

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