Financial Thoughts with Susan Moore

We conduct a variety of workshops and seminars at MWM. The mission statement of MWM is very simple: “and then some.” We attempt to do what is expected, what is required “and then some”. The Planning for Retirement workshop is part of our monthly “and then some” workshops. In addition, MWM conducts daily current events market updates that attempt to explain what is going on in the financial world. If you would like to be on the mailing list or receive email notifications of upcoming webinars, please call 334.270.1672.

By Susan Clayton Moore, J.D. Principal of Moore Wealth Management, Inc.

The cost of long-term care can be prohibitive. Genworth, in its annual 2020 Cost of Care Survey, estimated that a home health aide in the Montgomery area cost $3,432 a month or $41,184 a year. The cost of an assisted living facility in the Alexander City area was estimated to be $3,323 a month, or $39,876 a year. So, six years of receiving long-term care in the Montgomery area currently costs more than $230,000.

There are multiple ways to financially plan for long-term care, including traditional insurance, hybrid types of life insurance and long-term care insurance, long-term care annuities, self-insuring, etc. These methods will be covered in a Webinar format on Wednesday, July 19th by Susan Moore of Moore Wealth Management, Inc. at 12 p.m. Please call 334.270.1672 or email sarah@moorewealthmanagement. com, for more information and reservations.

Susan Clayton Moore, J.D., is a financial advisor and wealth manager of Moore Wealth Management, Inc., with offices in Auburn, Montgomery, and Alexander City, AL. Susan has under advisement over $170 million (as of 1.21.2022) in brokerage and advisory assets through Kestra Financial and has been a financial planner for nearly 40 years. Contact Susan at 334.270.1672. Email contact is susan@ moorewealthmanagement.com

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney or tax advisor regarding your individual situation.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Kestra IS or Kestra AS are not affiliated with Moore Wealth Management, Inc. https://bit.ly/KF-Disclosures

¹https://www.genworth.com/aging-and-you/finances/ cost-of-care.html

There are multiple ways to financially plan for long-term care, including traditional insurance, hybrid types of life insurance and long-term care insurance, long-term care annuities, self-insuring, etc. These methods will be covered in a Webinar format on Wednesday, July 19th by Susan Moore of Moore Wealth Management, Inc. at 12 p.m.