Are you aware of the real cost of long-term care—what it means for your retirement security? In this episode, I explain how health events can deplete savings and trigger higher tax brackets.
That’s not a gamble you need to take. I’ll show you how long-term care coverage can protect your retirement savings and your survivors.
Learn also why your future self will thank you for starting on long-term care planning early while you’re still healthy.
Listen now!
Show highlights include:
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Why treating long-term care as a retirement plan problem is a problem. And what it actually is. ([0:57])
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Uncover the tax consequences of using retirement assets for long-term care. ([2:01])
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Do you have a tax advisor? ([3:44])
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How trying to cover a bump into a higher tax bracket in tax-deferred accounts can lead to a tax spiral. ([4:01])
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Understand permanent compounding dollar loss and death benefit impact resulting from cashing out retirement savings for long-term care. ([5:16])
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When should you start planning for long-term care? ([6:27])
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Discover how Whole Life contracts for Infinite Banking include riders for chronic or long-term illness. ([7:16])
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Why I see using chronic illness riders as catastrophic protection—and why I recommend starting policies dedicated exclusively to long-term care risks. ([7:42])
Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
