Oscar graduated from the United States Military Academy at West Point in 1982 and spent ten years on active duty as an Airborne Ranger in combat infantry units. He earned a Masters of Science Degree in Education from Old Dominion University in 1993. Oscar is a Certified Financial PlannerTM Professional (CFP ®), a Certified Divorce Financial Analyst (CDFA ®) and has over 29 years experience in financial planning. Oscar, his wife Rhoda, and sons Samuel and Lucas have shown their commitment to faith by serving as missionaries in Uganda in 2001-2002. Oscar N. Alvarez, M.S., CDFA® CERTIFIED FINANCIAL PLANNERTM Professional Investment advisory services are offered through Pathway Financial Planning, Inc, a registered Investment Advisor in the Commonwealth of Virginia. Insurance products and services are offered through Pathway Financial Services, Inc. Oscar N. Alvarez, Pathway Financial Planning, Inc, and Pathway Financial Services, Inc are affiliated companies. Oscar N. Alvarez, M.S., CDFA® CERTIFIED FINANCIAL PLANNERTM Professional Certified in Long Time Care® 780 Pilot House Drive, Suite 100C Newport News, VA 23606 Tel: (757) 595-4588 • Fax: (757) 595-9122 Email: [email protected] Website: www.pathwayfinancialplannig.net Extended Care WHAT IS YOUR PLAN? Now is the time to develop your Extended Care Plan. It is never too early, or too late, to begin planning. Do not let your family be caught off guard with a sudden chronic illness that leaves you needing help. Call Pathway Financial Planning, Inc for an initial, complimentary, no-obligation meeting to create the right Extended Care Plan for you and your loved ones. CERTIFIED FINANCIAL PLANNERTM TM

According to a Genworth 2020 cost-ofcare survey, median annual cost of care for a semi-private nursing home room is Call (757) 595-4588 to get started on your extended care plan. Together, we can explore a range of affordable options that will protect your loves ones. Extended care is not a place or a condition. It is a life changing event. There is a greater than 50% chance that an individual aged 65 and older will require some type of formal care over his or her lifetime. The need for care may begin with an acute impairment (sudden event that requires immediate attention) or the slow onset of a chronic impairment (like arthritis or Alzheimer’s) that requires ongoing physical help or supervision. A March 2020 report on Alzheimer’s stated that 83% of help provided to older adults in the USA comes from unpaid family members and friends. The need for extended care can cause an extreme physical, emotional, and financial toll on those loved ones providing the care. Start your plan. Call Today for a Complimentary One-hour Review. (757) 595-4588 There are only 3 ways to pay for extended care: 1. Pay out-of-pocket using funds in bank accounts, brokerage accounts, retirement funds, or the sale of property. 2. Let Medicaid pay for it. This requires the use of all assets down to $2000 with little choice in where your loved one is cared for. 3. Long Term Care Insurance (LTCI) which provides tax advantaged funds to cover the cost of care resulting from chronic medical conditions, including Alzheimer’s. A LTCI policy will help cover the cost of care at home, adult day care centers, assisted living facilities, and nursing homes. This type of policy gives the family more choices regarding the type, level, and quality of care desired for their loved one. $ 93,072.