Health
Using annuities to pay for long-term care
There are many ways to pay for long-term care, including long-term care insurance, health savings accounts, Medicaid, trusts, reverse mortgages, and personal savings accounts. You can also use annuities to pay for long-term care. What are annuities? Annuities are...
Use a reverse mortgage for long-term care
If you don’t have long-term care insurance (LTCI), there are other ways to pay for long-term care. Taking out a reverse mortgage is one of them. What is a reverse mortgage? If you’re 62 or older, you can take out a loan against your home equity to access funds through...
Pay for long-term care without insurance
According to industry research, just a few years ago, long-term care insurance (LTCI) cost Americans over $2,700 each per year. It’s no wonder that more and more Americans are choosing not to buy LTCI. In 2017, a study conducted by the Harris Poll found that 75...
Understanding your long-term care costs
Long-term care in America is expensive, and if you’re not prepared to pay for it, you could find your hard-earned lifelong savings disappearing quickly. Understanding long-term care costs and financial planning for eldercare is crucial for preserving wealth while you...
