Long-Term Care: Why Planning Matters Now
Long-term care (LTC) is a key part of a well-rounded financial plan, yet it’s often the most overlooked. Whether you’re planning for your own future or supporting aging family members, understanding your options and taking proactive steps can help ensure comfort, dignity, and financial security later in life. The Evolving Landscape of Long-Term Care: The demand for long-term care continues to grow as Americans live longer and prioritize quality of life in retirement. The U.S. Department of Health and Human Services estimates that nearly 70% of adults turning 65 today will need some form of long-term care in their lifetime.1 The care spectrum includes in-home support, assisted living, and nursing care, each offering flexibility based on health, lifestyle, and financial goals. Early planning ensures you’ll have choices that fit your needs rather than decisions made in a rush during a crisis. Funding Options Beyond Traditional Insurance: Long-term care planning doesn’t have to be daunting or limited to standalone insurance. Many modern solutions combine life insurance or annuities with long-term care benefits, offering flexibility and legacy protection. Health Savings Accounts (HSAs) can also help fund qualified medical and long-term care expenses tax-free for those enrolled in high-deductible health plans. The American Association for Long-Term Care Insurance notes that linked-benefit policies have become increasingly popular for clients who want coverage but also value liquidity.2 The Role of Family and Financial Coordination: Planning ahead also relieves stress on loved ones. A study by Genworth found that families who proactively plan for long-term care report significantly less emotional and financial strain when care becomes necessary.3 Discussing preferences early—such as preferred settings or caregiving roles—can help align financial resources with family values. Your advisor can coordinate with estate attorneys, insurance professionals, and tax planners to build a holistic strategy that protects both independence and assets. Long-term care planning isn’t just about preparing for “what ifs”—it’s about maintaining control and flexibility for your future. By exploring options today, you’re protecting choice, comfort, and peace of mind. Your Wedbush Financial Advisor can help you create a plan that reflects your goals, family, and financial picture. Sources: [1] https://acl.gov/ltc/basic-needs/how-much-care-will-you-need [2] https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2025.php [3] https://www.carescout.com/resources/what-is-long-term-care-#benefits-of-long-term-care Disclosure Wedbush Securities does not provide tax or legal advice. Please consult your tax or legal advisor. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. The information in these materials may change at any time and without notice. Third-party entities, companies, and organizations that may be referenced on this page are not affiliated with Wedbush Securities or any of its affiliates. Opinions mentioned are that of the third-party and not of Wedbush Securities, the financial adviser and/registered representative, or any of our affiliates. Investment products involve investment risks including potential loss and are not insured by any federal agency, are not deposits or obligations of, or guaranteed by any financial institution and may involve loss of value. Past performance is not a guarantee of future returns. Any implementation of recommendations or investment strategies may generate fees, expenses, charges or commissions, based on the products and services. Any organization, company, individual, or third-party entity that are referenced on this page are not affiliated with Wedbush or any of its affiliates. The content on this page might not necessarily reflect the expertise of the investment professional and should be used for informational purposes only; the information provided on this page is not intended to be used as a recommendation of any kind, as it does not constitute an offer or advice. The insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the institution or an affiliate of the institution and not insured by the Federal Deposit Insurance Company (“FDIC”) or any other agency of the United States, the institution, or (if applicable) an affiliate of the institution. In the case of an insurance product or annuity that involves investment risk, there is investment risk associated with the product, including the possible loss of value. Securities and Investment Advisory services are offered through Wedbush Securities, Inc. Member NYSE/ FINRA / SIPC
Holiday Spending Strategy: Budgeting Smart for Gifts, Travel & Cheer
The holiday season is one of joy, connection, and giving, but it can also be a time of financial stress. Between travel plans, gifts, and festive gatherings, many families find themselves overspending in December and facing a financial “hangover” in January. By putting a plan in place now, you can celebrate generously without compromising your broader financial goals. Set a Realistic Budget Early: Start by identifying your total holiday spending limit—then work backward to allocate funds for gifts, travel, entertaining, and other expenses. According to the National Retail Federation (NRF), the average U.S. consumer is expected to spend around $890 on holiday-related purchases in 2025, following 2024’s record-spend year of $901.99.1 To stay on track, review your monthly cash flow and determine how much you can afford to set aside weekly through year-end. Treat holiday spending like any other financial goal—planned, tracked, and aligned with your priorities. Spend Smart and Save Strategically: Even small changes can make a big difference. Consider shopping earlier to avoid last-minute splurges and take advantage of pre-holiday promotions. Tools like browser-based coupon apps or cashback programs can also stretch your dollar, and using a separate account or “holiday fund” to can help keep spending organized and visible. Setting realistic limits with family, such as gift exchanges or experience-based giving, can reduce pressure and shift the focus back to meaning rather than material. Plan for Travel and Hidden Costs: Holiday travel can quickly add up, particularly with higher fuel prices and airfare during peak times. To save, consider flexible travel dates, book flights early, and use credit card rewards points strategically. Holiday airfares often rise as travel dates approach. Researchers and travel analysts typically find the cheapest domestic fares several weeks before major holidays, so booking early or using rewards can help lock in better prices.2,3 Remember to factor in hidden costs like wrapping supplies, shipping fees, and holiday décor—small items that often inflate overall spending. With mindful preparation, the holidays can be both joyful and financially sound. The key is intentionality—budget early, spend consciously, and plan for the details. Your Wedbush financial advisor can help you integrate holiday spending into your broader financial plan, so your celebrations align with your long-term goals. Sources: [1] https://nrf.com/media-center/press-releases/consumers-to-spend-second-highest-amount-on-record-according-to-nrf-holiday-survey [2] https://transtats.bts.gov/AIRFARES/ [3] https://www.washingtonpost.com/travel/tips/how-to-find-cheap-holiday-flights Disclosure Wedbush Securities does not provide tax or legal advice. Please consult your tax or legal advisor. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. The information in these materials may change at any time and without notice. Third-party entities, companies, and organizations that may be referenced on this page are not affiliated with Wedbush Securities or any of its affiliates. Opinions mentioned are that of the third-party and not of Wedbush Securities, the financial adviser and/registered representative, or any of our affiliates. Investment products involve investment risks including potential loss and are not insured by any federal agency, are not deposits or obligations of, or guaranteed by any financial institution and may involve loss of value. Past performance is not a guarantee of future returns. Any implementation of recommendations or investment strategies may generate fees, expenses, charges or commissions, based on the products and services. Any organization, company, individual, or third-party entity that are referenced on this page are not affiliated with Wedbush or any of its affiliates. The content on this page might not necessarily reflect the expertise of the investment professional and should be used for informational purposes only; the information provided on this page is not intended to be used as a recommendation of any kind, as it does not constitute an offer or advice. The insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the institution or an affiliate of the institution and not insured by the Federal Deposit Insurance Company (“FDIC”) or any other agency of the United States, the institution, or (if applicable) an affiliate of the institution. In the case of an insurance product or annuity that involves investment risk, there is investment risk associated with the product, including the possible loss of value. Securities and Investment Advisory services are offered through Wedbush Securities, Inc. Member NYSE/ FINRA / SIPC