Cleveland Office

1 Bratenahl Place

Suite 1301

Cleveland, OH 44108

(216) 798-4776

Florida Office

1116 NE 16 Court

Fort Lauderdale, FL 33305

216-798-4776

"I am a believer in the importance of Long-Term Care Insurance."

The Story of Steve and Peg

Steve, 68, and Peg,67, hardly knew much about Alzheimer's disease. It wasn't part of the plan. When Steve noticed the phrase "what-cha-call-it" creeping with ever more frequency into Peg's sentences, the idea that a dementia of some kind was dismantling her vocabulary simply did not occur to him...

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"Let's talk..."

Planning for what you care about the most.

Have you talked with your adult children about your future? With the uncertainty of life, it's always crucial to plan ahead. That's why it's important to have at least one sit down a month with your adult-child.

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Maintaining your Health and Wellness as a Caregiver

Keeping yourself healthy, can help keep those around you healthy.

Those who spend a lot of time caring for others often forget to care for themselves. But self-care is one of the most important things a caregiver can do.

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We are Malbasa Financial

Specializing in retirement and long term financial planning, we're a Cleveland small business serving Ohio and Florida.  Malbasa Financial is here to guide you through a financial plan that fits your needs. We'll be with you every step of the way, ensuring you get the most out of your money. Our expert team has over 40 years of experience in financial services. 

Whether it's ensuring you have enough money for retirement or avoiding paying out of pocket for long term care, consider Malbasa Financial for your needs. 



What are the qualifications for Long Term Care benefits?

The official definition is the inability to do two or more of the following Activities of Daily Living(ADLs):                        

  • Continence                                      
  • Dressing
  • Toileting  
  • Transference
  • Walking
  • Bathing

       OR any kind of severe cognitive impairment. 

Courtesy of One America Solutions, here is an interesting link that may be helpful in explaining the cost of Long Term Care in your area:

  1. Click on www.oneamerica.com/ltc-costofcare and once there you will notice a map of the United States. 
  2. Move your cursor to the appropriate state and the average cost of care will appear. 
  3. Next, click the details button for cost of different types of care within the state. 
  4. If you click "state average", a dropdown box will further regionalize the cost for specific areas of the state. 

Client Centered

It's never too early to plan

The median cost of home healthcare is more than $45,000 per year.  Just a couple of years could have a major impact on your retirement savings. When you need Long Term Care and do not have a dedicated funding solution, it is estimated that the average withdrawal rate from a retirement income portfolio jumps from 5% to 11%.

Care planning affects more than retirees.

Consider this:

70%

of individuals turning age 65 will need care during their lifetime.1

55%

of parents expect their children to care for them physically or financially as they age.2

Age 49

is the average age of a caregiver, and more than 75% of caregivers are women.

1The Wall Street Journal, The Odds on Needing Long-Term Care.

2MarketWatch, Not expecting to be a caregiver? You'd better check with your parents.



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