Legacy One Financial

1.     "Who helped you with your long-term care approach?"

Family

Friends

Broker (money manager)

2.     "What are you planning to do if you or your spouse should need long-term care?"

Stay at home

Move in with children or relatives

What if care is more than you or they can handle

3.     "Where is the money with which you intend to self-insure?"

Savings account/CD’s

Stocks & bonds

Medicaid/Veterans assistance programs

Hit the lottery

4.     "How much do you think you’ll need for long-term care?"

Avg cost in an ALF is approx $30,000 a year for one person

Avg cost in a SNF is approx $74,000 a year for one person

5.     "Why would you want to self-insure when there could be a smarter way?"

Make a plan now

You may have assets (annuities) to use tax free

Know what you may or may not have coming to you

Deal with a professional in the field