“There’s No Magic Number for Self-Funding Long-Term Care,” by Christine Benz, Morningstar

“I find that investors seek out a specific asset threshold to help determine whether they could self-fund long-term care costs rather than buying long-term care insurance. In my early days of focusing on retirement planning, $1.5 million was often asserted to be a “safe” asset threshold for paying long-term care costs out of pocket. More recently–no doubt in light of the fact that we’ve seen long-term care costs trend up more rapidly than the general inflation rate–that figure has crept up to $2.5 million.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Self-funding LTC makes even less sense that self-funding the risk fire insurance covers.

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#long-term care