Without proper planning, long-term care can be one of the most traumatic experiences a family will ever face and is the one major health expense which nearly all Americans are uninsured. If you are responsible for someone else 24/7, how do you take care of other family members? How do you take care of yourself? If you can’t afford to hire caregivers at $6000+ month, this is exactly the situation you find yourself in. If historical trends continue, this cost could quadruple in the next 30 years. Did your financial planner tell you that in your annual review?

LTC is covered by medicaid if you spend most of your money first unless you buy the kind of LTC insurance policy that allows you to keep your assets equal to the benefits paid out – no limit. The partnership for Long-Term Care is one of the most exciting recent developments in long-term care financing and can save you hundreds of thousands of dollars.

Odds are very high you will need LTC. This statement is especially true for baby boomers who have worked out and really tried to take care of themselves. We are the people who will wear out very slowly and need a lot of help getting around in our twilight years.

You’ve worked hard to save for retirement and plan for your future. But what would happen if you or someone you loved experienced an extended health care event?

If you needed money today to pay for unexpected long – term care (LTC) expenses, which asset(s) would you use? With the average private nursing home room costing $7,698/month over $92,000 a year, how long would that asset last?

  • Educational IRA
  • Roth IRA
  • Sep IRA
  • Simple IRA
  • Traditional IRA
  • 401 (K)
  • 403 (b)
  • Disability Income
  • Life Insurance
  • Long Term Care
  • Health Savings Account (HSA)
  • Group Health Insurance
  • Individual Health Insurance
  • College Plans
  • Estate Plans
  • Living Trust
  • Profit Sharing Plans
  • Retirement Plans