Marlene S. Stum, Ph.D. Family Social Science

Conflicting financial goals are often a major challenge when families are faced with long term care financing decisions. Understanding how later life financial goals conflict should help you as you make long term care decisions. Keep in mind that financial goals interact with each other and my even oppose each other, making it impossible to work toward all of the goals you may want to accomplish. That means family members will need to determine which financial goals are the most important to them.

There are six financial goals family members commonly identify as potentially important in later life.

Click on each goal to read examples of how each goal my conflict with another.

• Self-sufficiency
• Spouse's financial security
• Control
• Leaving an inheritance
• Qualifying for public assistance
• Privacy