As we age, the likelihood of needing some form of long-term care increases. Whether it’s occasional help at home or full-time skilled nursing care, understanding the potential costs—and preparing for them financially—is essential for maintaining control over future decisions.
At Cornerstone Financial Group, we support clients in navigating these concerns through our comprehensive Questpoint FORMula™, a seven-pillar planning process designed to help you pursue confidence and clarity in retirement planning.
Understanding Long-Term Care Options
Long-term care (LTC) services support individuals who can no longer perform everyday tasks independently due to age, illness, or disability. These services may be provided in various settings, including:
In-Home Care Services: Non-medical help with bathing, dressing, cooking, and errands
Home Health Aides: Certified providers offering basic medical assistance at home
Assisted Living Facilities: Residential communities offering personal care, meal services, and social engagement
Nursing Homes: Facilities that provide 24-hour medical supervision and skilled care for more complex health needs
Each option comes with different levels of support—and different associated costs.
What Does Long-Term Care Cost in 2025?
According to the Genworth Cost of Care Survey (2025), average costs in California are as follows:
These figures highlight the importance of thoughtful planning, particularly for individuals focused on protecting their retirement assets.
How the Questpoint FORMula™ Helps You Prepare
At Cornerstone Financial Group, our Questpoint FORMula™ is a planning approach built around seven critical areas of your financial life. Each pillar helps you prepare for both the expected and the unexpected—like the potential need for long-term care.
1. Wealth Management We help you align your retirement and investment strategy with your long-term care goals—so your portfolio supports both current income and potential care expenses down the road.
2. Risk Management We evaluate insurance solutions, such as long-term care insurance or life insurance with riders, aimed at reducing the financial risk of needing extended care.
3.Tax-Efficient Planning Our team works with you to explore tax-efficient strategies for covering care costs, including how to structure withdrawals and utilize HSAs or qualified distributions when available.
4.Legacy Planning Planning ahead for long-term care allows you to preserve your legacy goals.
5. Cash Management We help you manage income, spending, and liquidity—so you’re better prepared if care needs arise and your budget shifts.
6. Medicare We clarify what Medicare covers—and doesn’t—when it comes to long-term care. We also help you integrate this with other health insurance or Medicaid strategies where appropriate.
7. Value Added Services We connect you to helpful resources, including elder care advocates, caregiver support networks, and educational materials, so you can make informed decisions with confidence.
Start the Conversation Now
Planning for long-term care is not just about healthcare—it’s an essential part of your financial strategy in retirement. By incorporating care considerations into your broader plan, you may be better positioned to maintain flexibility and financial control down the road.
At Cornerstone Financial Group, we’re committed to walking alongside you with strategies designed to support your evolving needs. Let’s talk about how the Questpoint FORMula™ can help you prepare for the future with confidence.
📞 Schedule your personalized planning session today
Sources & Disclosure:
Genworth. Cost of Care Survey 2025. Genworth Financial, 2025. https://www.genworth.com/aging-and-you/finances/cost-of-care.html
National Institute on Aging. “Long-Term Care: Types of Facilities and Services.” National Institute on Aging, U.S. Department of Health and Human Services, 2 Apr. 2024, https://www.nia.nih.gov/health/assisted-living-and-nursing-homes/long-term-care-facilities-assisted-living-nursing-homes.
This content was generated utilizing the help of AI research and is intended for informational purposes only. Please consult a qualified professional for personalized advice.