“Hope for the best but prepare for the worst.”

 

In today’s world, you need to think ahead about incidents, accidents and situations that might cause you or your family financial harm or ruin. For example:

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• You need to assume you or one of your parents will need long-term care.

• You need a way to cover unexpected medical expenses.

• You need to save for retirement, especially since experts agree you can’t bank solely on social security to fund your “golden years.”