Someone turning age 65 today has almost a 70% possibility of using some type of long-term care service for their remaining years, but the duration varies for each person. As long-term care costs continue to increase on an average of 3%-5%, your clients need guidance in order to mitigate this leading retirement risk.
Although the biggest payor of long-term care is currently Medicaid, it’s a much more complex process to qualify for benefits depending on which state your clients live in. Through pre-planning, they can transition much sooner than dealing with the “spend-down” and “look-back” period as well as a myriad of other complexities including taxes. The Pension Protection Act of 2006 allows certain policies to possess tax-free opportunities through a strategic 1035 exchange.
Join this webinar to understand the options so you can help your clients uniquely fund their long-term care plans without having to exhaust all of their financial resources.
Carlos Dias Jr. is a financial adviser, public speaker, and president of Dias Wealth LLC in Orlando, Florida, offering strategic financial planning services to business owners, executives, retirees, and professional athletes.
Carlos is a nationally syndicated columnist for Kiplinger and has contributed, been featured, or quoted in over 100 publications, including Forbes, MarketWatch, Bloomberg, CNBC, The Wall Street Journal, U.S. News & World Report, USA Today, and several others. He's also been interviewed on various radio and television stations. Carlos is trilingual, fluent in both Portuguese and Spanish.
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