LOS ANGELES, April 9, 2013 /PRNewswire/ -- Karl Kim CFP, CLTC, of Retirement Planning Advisors, Inc., is a Medi-Cal specialist who is quickly gaining a reputation for being California's "go-to-guy" in the retirement crisis planning arena. In fact, Retirement Planning Advisors, Inc. is California's first firm completely dedicated to retirement crisis planning and pre-planning.
And with skyrocketing healthcare costs, more and more people are seeking expert assistance. A report recently released by the Alzheimer's Association says that 45 percent of people, 85 plus, have Alzheimer's disease. And, care fees for people with Alzheimer's and other forms of dementia are projected to increase from $203 billion in 2013 to $1.2 trillion in 2050.
So, while many individuals think they are well prepared for retirement, what happens when crisis hits?
Kim says that there are many misconceptions out there when it comes to crisis retirement planning. As a result, it's important to work with someone who knows the ins and outs of not only the financial side of things, but also has a comprehensive understanding of caregiver options, Medi-Cal application and recovery procedures, proper asset titling, and more.
"Therefore, it's important to plan today for tomorrow," Kim says.
As a retirement crisis planner, Kim is a sought-after expert. Most recently, he was interviewed by "Kiplinger's Personal Finance" for an article about Alzheimer's titled, "Get Your Finances in Order," that appeared in the April issue. He shared financial planning recommendations, including, "It's best to start planning right away, even if your long-term care policy or savings will pay for the first few years of care."
Kim's 25 plus years of experience in crisis planning allows him to advise families at any stage of a retirement crisis – from initial diagnosis through possible nursing home placement.
Additionally, Kim is also the author of "Don't Go Broke Paying the Nursing Home." It's available on Amazon: http://amzn.com/0988902613.
For more information or a free report, "7 Costly Mistakes to Avoid in a Long-term Care Crisis," visit: http://karlkimco.com/.
About Karl Kim:
Karl Kim, CFP, CLTC is the founder of Retirement Planning Advisors, California's first firm dedicated to retirement crisis planning and pre-planning.
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- Photo Caption: Karl Kim, CFP, CLTC of Retirement Planning Advisors, Inc.
SOURCE Karl Kim