Thinking of Paying for Long-Term Care from Your IRA? Think Again.
For the first time ever, the Long-Term Care (LTC) generation meets the 401(k) generation. This is, unfortunately, giving a lot of people false confidence that they can pay for their future care someday through their retirement savings, only to eventually find the rude awakening from a tax perspective that awaits them.
However, there is something else that is a new major consideration for today's retiree -- LTC planning. Not to get too hyperbolic here, but we are just now, for the first-time, planning on a concept where we stop working and live 30 more years. Please take a moment to truly let that sink in ...
Medical advancements have been staggering, and it's a beautiful thing as far as how long we are all living. This,
