The Genworth study offers a number of calculators to allow advisors to determine potential home and facility costs by region, by type of care, and by varying estimated inflation rates.
“Advisors with young clients may be talking about retirement as much as 30 years in the future. The calculators can show advisors what the landscape may look like in the future,” Saunders said. “The advisor can help eliminate any surprises or blind spots in the client’s plans.”