 FEATURED FREE BOOK
4.6 stars on 24 reviews
Non-Fiction
Is Long-Term Care the Elephant in YOUR Room?
It’s a huge potential financial challenge for millions of Americans that is all too often swept under the rug, left unresolved, and given little advanced planning. That can change right now!
This book squarely addresses both scenarios:
1) when you have the time and good health to plan ahead and
2) when there is no time or good health for planning.
It’s an essential guide to help everyone financially prepare for—or navigate long-term care (LTC), including these and much more.
* Creating TAX-FREE Money for Quality Long-Term Care by Using Provisions of
the Pension Protection Act
* Tax-Efficient Strategies to Use Your IRA for LTC expenses
* Innovations for Financing Long-Term Care to Age in Dignity and Maintain
Your Choices and Independence
* Empowering You and Your Family: Resources and Support for LTC Such as
Understanding Medicaid, VA Benefits, and Asset Protection Strategies
And did you know that 12 states are exploring TAXING WORKERS WHO DO NOT OWN AN LTC policy? Washington State already passed a law adding a payroll tax! California and N.Y. look to be the next states to enact laws to “nudge” citizens to plan for LTC.
We hope for a happy, healthy, and secure retirement, but the reality is that many of us will require some form of long-term care. In “Long-Term Care: The Elephant Lurking in Your Retirement,” Mark tackles the challenges of aging and the increasing demand for elder care services.
From navigating the complex landscape of using insurance and government programs for financing LTC expenses to tips on getting the quality care you deserve, this book provides practical advice and solutions for addressing the “elephant” in almost everyone’s retirement.
While it’s hard to know exactly how long you will need care, on average, men require 2.2 years of care, and women require 3.7 years. In fact, 34% of people require care for longer than 2 years. Some folks, especially those with dementia, may need care for ten years!
Depending upon where you live, the cost of home care, assisted living, or nursing home care costs about $4,000 to $15,000 or more a month! Those are today’s costs. What eye-popping levels will they be at when you may need care 10, 20, or 30 years in the future?
For those folks with little assets or low income, Medicaid is a safety net. Mark breaks down the complicated world of Medicaid, including mandatory estate recovery and transferring assets to qualify.
And he didn’t leave out some little-known options for many Veterans. Thank you for your service!
Are you planning on having family members take on this responsibility? Have you fully thought through putting your children through this ordeal? Learn points to consider before relying on your loved ones.
Considering self-insurance? Mark explains private-pay insurance strategies to leverage one’s own dollars to maximize the available funds.
Mark provides many examples of traditional LTC insurance plans and the increasingly popular annuity-based and life insurance-based long-term care financing strategies. These plans eliminate the “use it or lose it” worry of traditional LTC policies and make up 84% of insurance solutions today while multiplying one’s own funds by 3-5 times or more.
He even explores little-known “short-term care” plans for those with few assets or in poor health.
Also, get tips on choosing the right home care agency, adult day care center, assisted living facility, and nursing home, no matter how these expenses will be paid for. The table of contents shows that “Long-Term Care: The Elephant Lurking in Your Retirement” is indeed a comprehensive guide and the ultimate resource. |
