Developing a financial plan for a lifetime of care - for both yourself and the person(s) you’re caring for - can help you and your family better prepare for and navigate predicted and unexpected future situations. A lifetime care plan is valuable for parents caring for a child with a disability or special needs as well as adult children caring for aging parents. It is an important part of retirement planning and one that, if missed, can compound future financial challenges.
This is a companion discussion topic for the original entry at https://www.caregiving.com/posts/planning-for-a-lifetime-of-care