Planning Scenario #1

Healthcare In Retirement and Long-Term Care (LTC) are important topics for women, especially for those single, widowed, or divorced.   Many women in this situation often have children and extended family that no longer live nearby, and those like Betty lack a support system if or when there is a need for care.  In this case study, we make the following planning assumptions:

- Betty is 65 years old and has $750,000 in assets, with $350,000 in an IRA.

- She has social security and pension income to sufficiently maintain her lifestyle.

- Her LTC "Plan" would be to tap $200,000 in Low-Risk, Low-Yield deposit accounts, which are "legacy" assets that could pass to her grandchildren if care is never required.

- Her HALO Assessment projects a five-year, $6,000/month need for care.