by Tonya | Oct 13, 2022 | Long Term Care Costs, Long Term Care Insurance, Retirement Planning
Many people think they’ll self-fund for long term care. But here are factors they typically fail to consider: Their spouse. Self-funding long term care expenses for one spouse has the potential to deplete assets for the other spouse. If a husband or wife passes...
by Tonya | Apr 28, 2022 | Long Term Care Insurance, Long Term Care Costs
I was interviewed by Sagewell Financial, an online platform, for their April ’22 newsletter targeting baby boomers. In the article, I speak about the right time to plan for an extended care need, and who might benefit from a formal long term care plan. Long-Term...
by Tonya | Feb 3, 2022 | Long Term Care Costs, Long Term Care Insurance
Since many taxpayers are now preparing their 2021 taxes, I wanted to take a moment to remind you about the tax deduction that you may be able to take for long term care insurance premiums. Long term care insurance is unusual in that not only are benefits typically...
by Tonya | Nov 1, 2021 | Long Term Care Insurance, Retirement Planning
Congrats. You purchased a long term care insurance policy years ago…..but when was the last time you revisited it? A periodic check-up of your LTC insurance policy is always a good idea, whether it’s a traditional policy or a hybrid plan with a death benefit included....
by Tonya | Oct 25, 2021 | Long Term Care Insurance, Retirement Planning
Once it has been determined that someone is health-eligible to purchase long term care (LTC) insurance, plan design begins. Although plan designs and available riders do vary somewhat between insurers, here are the primary design considerations: Monthly benefit...
by Tonya | Aug 26, 2021 | Long Term Care Insurance, Retirement Planning
With people living so long, a retirement can often outlast a retiree’s working years. Typically there’s considerable financial preparation that occurs prior to retirement. But despite all the planning, the most overlooked aspect of planning is experiencing an...
