Dear Friends and Colleagues,
What assets will you sell to pay for your care when you need it?
I know we don’t want to talk about it. But we do think about it. Sometimes we have to when we are faced with family and friends who have suddenly (or not so suddenly) gone from active lives to needing care. When that time comes, the bills will be paid for the care that you or your spouse need. Selling an asset, a piece of land, renting out the family residence are ways that some of my family members are paying for their long term care. What’s your plan? Yes, I know it won’t happen to you, but just in case, let’s look at the choices of investment and/or insurance vehicles that can help you pay for this care. Tax efficiency, leveraging today’s assets to achieve a larger pool of money for care tomorrow or down the road, flexibility and access to your retirement assets is key to planning for long term care.
I help my clients invest AND plan for the various paths they may take in the future! Let’s talk!
Pam
Contents include:
:: The Impact of Health-Care Costs on Social Security
:: Married Filing Jointly or Separately? The Choice Is Yours
:: Paying for Long-Term Care Insurance with Tax-Free Funds
:: How much can I contribute to my IRA in 2014?
:: What is a college net price calculator?
Download Pam’s February 2014 Newsletter here>>
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