Everand Logo

Welcome to Everand!

  • Kiplinger

    6 Options to Fund Long-Term Care in Retirement

    by Carlos Dias Jr., RIA, Wealth Manager and Founder, Excel Tax & Wealth Group Feb 28, 2018 4 minutes

    For many retirees, the term "long-term care" is typically associated with a nursing home. As we age, there is a greater chance we will need some sort of long-term care in the future. According to the U.S. Department of Health and Human Services, 70% of people over 65 will need long-term care at some point in their lives.

    The worst part is that many will not (or do not want) to discuss the need to plan until it is possibly too late. The good news is that you have many options, but you might need to get a little creative. Take one of my clients, as an example. Fifteen years ago, at age 60, she had

    You’re reading a preview, subscribe to read more.

    More from Kiplinger

    Kiplinger5 min read
    4 Steps for Managing Income Withdrawals in Retirement
    If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf
    Kiplinger5 min read
    What You Need to Know About Life Insurance Settlements
    Your life insurance monthly premium can start looking less and less appealing once you’ve retired. It’s a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own
    Kiplinger3 min read
    Using Your 401(k) to Delay Getting Social Security and Increase Payments
    Although you can start collecting Social Security at age 62, you can get much higher monthly payments if you wait as long as age 70. But many people want to or must retire before 70. If you’re one of them, consider a possible strategy, backed by rece

    Related Books & Audiobooks