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rich
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I should have done this when I first thought of it
Don't let your 50 year old kids regret not having planned for future extended care needs when they first thought of it. A first question I ask when meeting with someone is "What made you decide to look into LTC planning now?" Far too many reply with some form of having thought about this years ago, but for whatever reason they came up with, they decided to wait.  Now, the plans we're considering cost a lot more at 70 than they did at 50.  Or maybe they can't health qualify for the plan they want. You must encourage your 40, 50 and 60 year old children to plan now, while they can be approved by more companies, and while the rates are manageable. This week, we share a client who is buying a plan for her daughter because the family knows the value of LTC insurance after seeing the husband/dad's LTC plan pay over $200,000 over 24 months, protecting the famly's wealth and emotional well-being. Two clarifications -  1) Audrey did not keep $46,000 of the RMD because she did have to pay taxes on the withdrawal. 2) Lindsey's plan's benefits wil increase by 3% annually.  She doesn't have to wait until the 10th payment to see increases. Schedule with Diane to design your plan here View current and projected costs of care (use 5% inflation) where you live at https://www.carescout.com/cost-of-care
Preparing For Tomorrow podcast
http://preparing4tomorrow.com
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