Comments on: 10 Essentials For Creating Retirement Income You Won’t Outlive

By: Cat@BudgetBlonde

Cat@BudgetBlonde — Wed, 14 Oct 2015 15:47:15 +0000

This post was super extensive. Although I’ve heard much of this information before, it’s never been all in one place. These are definitely all things that you need to think about while you are young so you can get the best plan possible in place.

By: Scott A. Olson

Scott A. Olson — Tue, 13 Oct 2015 15:58:08 +0000

To help the middle-class plan for long-term care 43 states, including Pennsylvania, have passed landmark legislation creating a “public-private” partnership. These “Long-Term Care Partnership Programs” encourage the middle-class to purchase an amount of long-term care insurance that is equal to their assets. If their long-term care insurance policy runs out of benefits they can apply for Medicaid to pay for their care and all of their assets are protected from Medicaid “spend down” and Medicaid “estate recovery”.

It is true that most of the older LTCi policies have had large premium increases. To protect consumers purchasing policies today, 41 states, including Pennsylvania, have passed strict pricing regulations. Consumers purchasing policies today are protected from the pricing mistakes of older policies.

It’s a good idea to work with an independent insurance agent who specializes in long-term care insurance so that you can get an accurate comparison of several top policies and pick the one that is best for you.

Prices for long-term care policies can vary significantly from one company to the next even when comparing identical benefits.

For example, some companies charge women 30% to 50% more than they charge men. Other companies charge women the same rates that they charge men.

By: Chris Peach

Chris Peach — Tue, 13 Oct 2015 03:59:06 +0000

Jeff,

You always read about the basics of retirement planning, but rarely do you see something like this that has it all. I agree with your view on Variable Annuities being complete garbage – you are spot on! However, I was not aware of the Social Security benefits schedule increments staring for those born in 1954 and never thought about TIPS to protect you from inflation during a 20-30 year retirement – the whole point during retirement is to live, right? I love reading your content. Great post Jeff!