YOU THINK YOU MAY NEVER NEED CARE, BUT WHAT IF YOU DID?
THINK OF HOW IT WOULD AFFECT YOUR FAMILY:
THINK OF HOW IT WOULD AFFECT YOUR FAMILY:
- Spouses – caring for a chronically ill loved one can make the caregiver ill too.
- Children – Many times, children and other loved ones feel obligated to carry the burden of long term care. Daughters are more likely to give up their careers and move-in or relocate the parents to their home.
- Family Dynamics change – Informal care usually is not shared equally among adult children and this can harm or put stress on relationships.
- Unnecessary Losses – You can reduce emotional, financial and spiritual loss when you prepare and protect against the risks of LTC.
IF YOU DO NEED CARE,
HOW WILL YOU PAY FOR IT?
THREE COMMON WAYS TO PAYFOR
LONG TERM CARE EXPENSES
HOW WILL YOU PAY FOR IT?
THREE COMMON WAYS TO PAYFOR
LONG TERM CARE EXPENSES
- Government Programs – You may be required to spend your assets first.
- Long Term Care Insurance (LTCi) – In many cases traditional LTCi can be very expensive, hard to qualify for and many view it as a use it lose it policy.
- Self funding – Few people are able to pay out of pocket, dollar-for-dollar, for all LTC expenses. Doing so can wipe out savings that people have worked their entire lives to build.
Retirement Mastery, uses a combination of life insurance and annuities in
tax-advantaged ways to fund a Long Term Care Strategy that fits your needs.Call Ron today at 970-310-4084.
tax-advantaged ways to fund a Long Term Care Strategy that fits your needs.Call Ron today at 970-310-4084.
The information from RetirementMastery.com and Ron Richards is published solely for informational purposes, the information provided is not to be construed as investment, legal, or tax advice. Should such personal advice be needed, you should seek the specific advice and services from a qualified professional.
