We at Carolina Family Estate Planning believe it is our duty to educate our fellow North Carolinians on how they can prepare and protect their families for life, even after they are gone.
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Qualified Longevity Annuity Contract (QLAC) as a Long-Term Care StrategyA QLAC is a deferred annuity funded from an IRA or retirement plan and is eligible for special tax rules including postponing required minimum distributions.
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Life Insurance with a Critical Illness RiderA critical illness rider on a life insurance policy may allow you to accelerate some of the death benefit to pay for certain health and long-term care costs
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Using IRAs to Fund Long-Term CareRetirement plans like 401(k)s and IRAs can be a powerful retirement-saving tool, but they can pose challenges when it comes to long-term care planning
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Annuities with Income AcceleratorsAn annuity with income accelerator can be used as part of a long-term care plan especially if health issues prevent qualifying for other long-term care options.
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Annuity-Based Long-Term Care SolutionsAnnuities with long-term care riders have become a popular solution for long-term care planning that can also potential yield income-tax savings
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Annuity BasicsAnnuities are a popular financial tool for retirement planning with many using annuities as a “pension substitute.” There are many different types of annuities
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“Legacy Assets” as a Long-Term Care SolutionLegacy assets are rainy day money that will pass to beneficiaries if never needed. The biggest risk to these assets is often long-term care costs.
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Life Insurance with a Long-Term Care RiderLife insurance can be used to gain protection from future long-term care costs. The death benefit is merely a back-up if long-term care isn't needed.
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Is Traditional Long-Term Care Insurance Still a Viable Option?Traditional LTC insurance is like homeowner’s insurance. You pay yearly premiums and if you have a claim, you file a claim but it doesn't accumulate cash value.
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Will Medicaid Pay for My Long-Term Care?Many people still are under the mistaken impression that Medicaid will cover their long-term care, however, this often will not end up being the case.