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  • Orange lifebuoy lying unused on a wooden pier to suggest insurance against disaster

Examining long-term care (LTC) insurance increased costs and its impacts

By Allyn Hughes, CFP®, ChFC®, CLU®, CAP® I caught the tail end of a radio program recently as the hosts were talking about the need for long-term care (LTC) insurance for every new retiree. They both praised LTC and continually promoted the statistic that 70% of Americans will spend a
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  • Paperwork for opening a health savings account (HSA)

Use HSA dollars to pay for long-term care insurance

By Allyn Hughes, CFP®, ChFC®, CLU®, CAP® Many people with Health Savings Accounts (HSAs) can use them to pay at least a portion of their long-term care (LTC) insurance premiums, but whether you should now or later requires other considerations. HSAs allow individuals and families to s
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Can you afford to self insure against the risk of needing long-term care?

For many people, their financial security in retirement could hinge on a potentially expensive need for long-term care. The decision of whether or not to protect against this risk through the purchase of long-term care insurance is a very important consideration for most people in the
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Retirement reality: when is not always your choice

Interesting chart here from the Employee Benefits Research Institute analyzing the frequency at which people are able to retire on their own terms compared to those who have been forced to retire earlier or later than planned. Twenty years of survey data suggests that people retire ab
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