CLICK HERE TO BOOK A FREE LONG-TERM CARE PLANNING CONSULTATION

CAREfidence
CAREfidence
  • Home
  • LTC Basics
    • The LTC Planning Gap
    • The CAREfidence Process
    • Quantify The Need
    • Planning for LTC
    • The Self-Funding Realtiy
    • TAX-FREE Annuity Upgrade
    • Necessary Legal Documents
    • Don't Go It Alone
    • News & Notes on LTC
  • Design A Plan
    • Could This Be YOUR Plan?
    • Customize A Plan For Me
    • Insurance Options for LTC
    • Insurance Carriers
  • About Us
    • What Is CAREfidence
    • Why Use CAREfidence?
    • Who Is CAREfidence
    • CAREfidence Events
  • Book Appointment
  • Contact Us
  • More
    • Home
    • LTC Basics
      • The LTC Planning Gap
      • The CAREfidence Process
      • Quantify The Need
      • Planning for LTC
      • The Self-Funding Realtiy
      • TAX-FREE Annuity Upgrade
      • Necessary Legal Documents
      • Don't Go It Alone
      • News & Notes on LTC
    • Design A Plan
      • Could This Be YOUR Plan?
      • Customize A Plan For Me
      • Insurance Options for LTC
      • Insurance Carriers
    • About Us
      • What Is CAREfidence
      • Why Use CAREfidence?
      • Who Is CAREfidence
      • CAREfidence Events
    • Book Appointment
    • Contact Us
  • Home
  • LTC Basics
    • The LTC Planning Gap
    • The CAREfidence Process
    • Quantify The Need
    • Planning for LTC
    • The Self-Funding Realtiy
    • TAX-FREE Annuity Upgrade
    • Necessary Legal Documents
    • Don't Go It Alone
    • News & Notes on LTC
  • Design A Plan
    • Could This Be YOUR Plan?
    • Customize A Plan For Me
    • Insurance Options for LTC
    • Insurance Carriers
  • About Us
    • What Is CAREfidence
    • Why Use CAREfidence?
    • Who Is CAREfidence
    • CAREfidence Events
  • Book Appointment
  • Contact Us

Planning Scenario #3

Sally Saver: When Can I Stop Paying for My Plan?

Planning for future Long-Term Care (LTC) expenses often include the desire to expend a finite amount of resources.  So, even if your assets are insufficient to fund the plan with a single-premium, there are several plan design options to consider.   In this planning scenario, we make the following planning assumptions:


- Sally is 60 years old, recently divorced, and has approximately $500,000 in assets, primarily home equity, in lieu of a portion of her ex-husband's retirement accounts.


- She will receive $5,000/month in alimony from her ex-husband until age 70 when she can take the maximum Social Security benefit.  The alimony will far exceed what's necessary to maintain her lifestyle.


- Her Long-Term Care "Plan" would be to tap that alimony for the next ten years, but she is unsure if she wants to tap home equity after that.


- A HALO Assessment projects a four-year, $4,200/month care need.

If you or a loved one were in Sally's position, which option below would you select to maximize your funding sources and achieve the LTC Planning goal?

See The Next Planning ScenarioReturn To The Main MenuCustomize a plan like this for me

Copyright © 2024 CAREfidence - All Rights Reserved.

  • Privacy Policy

Powered by GoDaddy

FREE E-BOOK!

"What's The Deal With Long-Term Care?" is a GREAT place to begin navigating the planning process.....

CLICK HERE FOR YOUR COPY