AP: Make Long Term Care Planning a Resolution for 2012
Dave Carpenter, Personal Finance correspondent for the Associated Press, tried this week to list a few important agenda items for retirees to “resolve” to accomplish in the new year. Among them is to investigate long term care insurance options.
We couldn’t agree more – there is no greater risk to one’s retirement portfolio than the need for long term care. I would also add that pre-retirees are the ones most able to take advantages of low premiums and high acceptance rates. In fact, couples who plan ahead wisely can have premiums much lower than what Dave suggested for the exact same coverage. Since LTC is such a big part of the retirement agenda, it should be explored as soon as retirement planning goes into full-gear. Thanks, Dave!