Articles About Long-Term Care Planning in North Carolina
Do you have a plan in place to ensure you are cared for in the event you are no longer able to do so yourself? Browse these articles to learn how a well-rounded long-term care plan can help you retain more of your assets, maintain your dignity, get access to quality healthcare, and make things easier for your family.
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Leverage Assets for LTC to Reduce Risk of Poor Market Return Long-Term Care Planning can leverage your existing assets allowing you to "self-fund" long-term care while also mitigating your risk and shielding you from poor market performance. -
Convert Existing Life Insurance Into a Long-Term Care Benefit Plan A Long-Term Care Benefit Plan converts existing life insurance into a pre-funded, irrevocable Benefit Account that pays for long-term care -
Using a Reverse Mortgage to Pay for Long-Term Care A reverse mortgage is a loan where the home is used as collateral to get tax-free cash from the equity of the home without incurring monthly expenses. -
Qualified Longevity Annuity Contract (QLAC) as a Long-Term Care Strategy A QLAC is a deferred annuity funded from an IRA or retirement plan and is eligible for special tax rules including postponing Required Minimum Distributions -
Life Insurance with a Critical Illness Rider A 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 -
Using IRAs to Fund Long-Term Care Retirement 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 -
Annuities with Income Accelerators An annuity with income accelerator can sometimes be used as part of a long-term care plan, especially if health issues prevent qualifying for other long-term care options -
Annuity-Based Long-Term Care Solutions Annuities with long-term care riders have become a popular solution for long-term care planning that can also potential yield income-tax savings -
Annuity Basics Annuities are a popular financial tool for retirement planning with many using annuities as a “pension substitute.” There are many different types of annuities -
Legacy Assets as a Long-Term Care Solution Legacy 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.