“Long-Term Care Protection Without Additional Cost,” by Bryant Monson, Forbes Quote: “Many of our clients find they could have long-term care protection without the out-of-pocket cost. We found the following solution is an option that can work well for them. Use a disposable asset to create income to pay the long-term care premium AND pay the premium for a life insurance policy designed to replace the original asset. This can only be done using an asset not needed for current or future use. By using a three-tiered approach, we not only provide long-term care protection, but we eliminate the worry
Read More

“MILLENNIALS SURPASS BABY BOOMERS AS LARGEST U.S. GENERATION, ENDING 20-YEAR RUN,” by Benjamin Fearnow, Newsweek Quote: “For the first time in the 21st Century, the Baby Boomers are no longer the largest generation in America. Millennials, an age group defined as people between the ages of 23 to 38 years old, overtook their Boomer counterparts as of July 1, 2019, according to U.S. Census Bureau data compiled by the Pew Research Center and published Tuesday. Boomers, defined as Americans aged 55 to 73, had been the nation’s largest living adult generation since 1999 and they held that title for two decades. Generation
Read More

“How Can a Trust Help You Avoid Nursing Home Costs?,” by Chris Berry, Kiplinger’s Quote: “How does it work for long-term care protection? Once you move your assets into an irrevocable trust, you’re effectively depleting your estate of disposable assets, a move that eventually will allow you to use Medicaid assistance to help pay for your basic long-term care costs. But you won’t be without additional resources: The trust can still provide you with some income to improve your quality of life. Or for a married couple, if one spouse needs long-term care, the other spouse won’t become completely impoverished
Read More