Sep 26, 2024
To answer this question, I need to first share why and when LTC insurance companies are required to approve and pay a claim, and then I'll discuss where this can get confusing or messed up.
LTC insurance companies are strictly regulated by the Internal Revenue Code (IRC) 7702(b).
If the plans offered will be tax...
Sep 19, 2024
Today, I want to discuss the financial risk we're facing when planning for LTC needs in 20 or 30 years or more.
Home care costs increased on average 10% nationwide from 2022-2023.
Assisted Living costs increased 5% on average over that same time.
It's not going to get cheaper to get the care we need to get through each...
Sep 12, 2024
Yes, a colleague of mine is selling all of her uncle's belongings because he was "put into aged care".
Those who plan know where they want to be when a long term care event enters the picture. And they have the income, savings and LTC insurance to support their plan. Most stay home with help for most to the need and...
Sep 5, 2024
On Sunday, Suze Orman discussed the finally finalized rules for inherited IRA's.
Listen here: https://www.suzeorman.com/podcast
Today, I'm going to share a case study to share what one of our clients did with some of the IRA funds she inherited from her mom.
Some of you know that "non-eligible" beneficiaries of IRA...