Planning Scenario #7

Healthcare In Retirement and Long-Term Care (LTC) is becoming an important topic for Millennials, especially as they see parents and grandparents experiencing the need for care.   Many are reaching a stage in life where they are successful, yet there's a reality that they may lack a support system if or when there is a need for care.  In this case study, we make the following planning assumptions:

- Mary is 35 years old and has $250,000 in assets, with a $170,000 annual income.

- She is max funding here 401(k) to maintain her lifestyle in retirement.

- Her LTC "Plan" would be to tap her savings but she thinks there's a better way to plan.

- Her HALO Assessment projects a 4-year, at $5K/month inflation-adjusted need for care.