Industry needs more expertise in long-term care, adviser says

Industry needs more expertise in long-term care, adviser says Long-term care can be a big issue for retirees and their families, but many advisers lack the in-depth knowledge necessary to steer clients through the planning and implementation of the expenses, says Thomas West, an adviser with Signature Estate & Investment Advisors. He recommends that advisers understand the different types of long-term care, consider tax-advantaged strategies, have a plan for sequencing withdrawals and steer clients to keep six to 12 months of cash for surprise needs. InvestmentNews (free registration) (5/5