Long Term Care

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jhogue
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Re: Long Term Care

Post by jhogue » Wed Apr 17, 2019 9:55 am

sophie,

You have put your finger squarely on a dilemma we are all apt to face. I had a similar problem with my 89 year old mother only a few months before she died last year when she somehow got the notion to cancel her Medicare part B coverage out of the blue. It led to a very unpleasant and exasperating argument.

The story may be only anecdotal, but the problem is becoming universal. I have no idea how to even begin to solve it.
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dualstow
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Re: Long Term Care

Post by dualstow » Wed Apr 17, 2019 11:26 am

I’m sorry for your loss, jhogue.
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sophie
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Re: Long Term Care

Post by sophie » Fri Apr 19, 2019 12:02 pm

Same here, and especially sorry that it had to be overlaid with a potentially avoidable financial issue.
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mathjak107
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Re: Long Term Care

Post by mathjak107 » Fri Apr 19, 2019 2:43 pm

sophie are you in ny ?
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Mountaineer
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Re: Long Term Care

Post by Mountaineer » Sat Apr 20, 2019 5:43 am

I'm sorry for the loss of your mother, jhogue. It is not easy to lose a close family member, especially a parent.
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ochotona
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Re: Long Term Care

Post by ochotona » Mon Apr 22, 2019 1:40 pm

Two CFPs looked at my plan, and both told me to make no changes... just keep paying LTC premia. If I do that, the impact on my portfolio will be minimal.

One of them did say if I got tired of paying increased premia, I could partially self-fund into accounts only to be used for LTC, not for general retirement income.
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mathjak107
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Re: Long Term Care

Post by mathjak107 » Thu May 02, 2019 9:34 am

just keep in mind these hybrid's can end up being the most costliest way to fund long term care
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