Seventy percent of seniors will need some type of long-term care services and support in their lifetime 1 The goal is to be prepared so if you turn out to be one of them it doesn’t derail your overall financial plan Many of us expect to stay healthy and self-sufficient well into our senior years but planning for the possibility is not only prudent it can help protect your assets investments and…, Although the annual median cost of long-term care in Illinois in the table below may not be seem daunting for affluent families four and five star facilities in your locale can easily double or triple in price, Average cost of long-term care in Illinois (2025, Type of service, Monthly median cost, Home health aide $6675 Assisted living facility $5676 Nursing care facility private room $10326 Source Genworth cost of care calculator https//wwwgenworthcom/aging-and-you/finances/cost-of-carehtml Fortunately figuring out how to finance a potential long-term care situation is relatively straightforward The key to doing so successfully as it is for most potentially hefty future expenditures is…, Fitting long-term care into your financial plan, Fully incorporating potential long-term care costs into your overall financial plan involves a number a variables that we don’t have room to cover here but your Mesirow Wealth Advisor can talk through these variables with you The most important decision in your planning will be how you want to handle the responsibility of long-term care expenses Assume the risk of financing long-term care costs…, Self-financing options, Depending on your financial situation you may be able to afford to pay for long-term care from the sale of your home or from your accumulated assets Your Wealth Advisor can help assess the feasibility of this approach and discuss how it may impact your estate plan , Insurance options, Long-term care insurance (“LTC” provides financial support for an insured who is unable to perform at least two of six “activities of daily living” (such as bathing dressing eating transferring toileting or continence or has a cognitive impairment that requires supervision Today more than 100 carriers sell some type of LTC insurance product or rider so there is no shortage of choices 2 You’ll…, Sticking the landing is the hardest part, The question after you’ve talked through several major financial options is always “will I follow through on the arrived at decisions” But given the likelihood that you may need long-term care and its potentially devastating effect on your overall finances – and potentially your family’s finances - it’s important to have a plan in place Your Mesirow Wealth Advisor can help you plan for a healthy…, Published February 2025, 1     https//wwwsinglecarecom/blog/news/long-term-care-statistics/ 2     https//contentnaicorg/insurance-topics/long-term-care-insurance#~text=According%20to%20the%20US%20Department20%20insurers%20sell%20most%20policies

Lori Rodriguez Casey is a Senior Managing Director of Asset Management in Mesirow Institutional Real Estate Direct She is involved in all aspects of managing the group’s real estate assets Lori has over 30 years of real estate experience all within the multifamily sector Prior to joining Mesirow in July 2014 she was a Business Developer and Regional Manager for Marquette Companies responsible for…

Luis Arroyo is an Associate FX Trader in Mesirow Currency Management He is a member of the team responsible for the group’s execution and trading system efforts for the suite of institutional currency programs Luis has more than 6 years of foreign exchange experience Prior to joining Mesirow he worked for Vulcan LLC and Russell Investments Luis earned a Bachelor of Business Administration of…

Luis Trujillo is a Client Relationship Specialist in Mesirow Wealth Management He is responsible for day-to-day client service and communications as well as general administrative functions across multiple Wealth Management advisor teams  Luis joined Mesirow in 2025 and has five years of experience in the financial services industry Prior to joining Mesirow he worked as a Client Service Associate…

Luis Villarejo is a Managing Director in Mesirow Strategic Fixed Income He is responsible for client servicing marketing and consultant relationships in Puerto Rico Latin America and the Caribbean Basin as well as the Hispanic market throughout the United States Luis has more than 40 years of experience in the banking and financial services industry Prior to joining Mesirow in 2005 he was as a…