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Take Charge of Your Future

Hire a Financial Pro to Help You Fund Your Long-Term Care Plan

Find the right type of assistance for your situation

En español | Given the range of strategies for financing long-term care, many people find it helpful to consult a financial professional. It's important to know which type of professional will fit your needs — and how to find someone you can trust. Several organizations that can help connect you with an appropriate professional are listed in the resources section of the long-term care Resources Guide available on AARP's Digital Newsstand or by ordering a copy by phone 1-888-OUR-AARP.

See also: FAQ about paying for long-term care.

  • Financial planners assess every aspect of your financial life, including your savings, investments, insurance, taxes, retirement and estate planning, to make recommendations about how to reach your financial goals.
  • Investment advisers focus specifically on managing your investments. To find information about advisers, visit www.adviserinfo.sec.gov.

  • Insurance agents can help you sort through options for life insurance, annuities and long-term care insurance. You can find agents through your state insurance commission.

  • Estate-planning attorneys can draft legal documents such as a will, a financial power of attorney or advance directives. They can also develop tax-efficient strategies for passing on your estate.

With any of these professionals, you'll want to do your research before deciding to employ one.

  • Begin by getting referrals from family, friends and colleagues. You can also use the websites in the resources section of the long-term care Resources Guide as a starting point.

  • Request interviews with at least three different professionals. If they do not offer a free initial meeting, cross their name off your list.

Next: Questions to ask when hiring a financial adviser. »

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