3 Approaches to Long-Term Care

Bob Stowe faces two central issues in his practice. One is helping clients ensure that they will have an income stream throughout what may be an extended retirement; the other is ensuring that their long-term care needs are met.

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Comments (1)
LTC is complicated. I'm in the category that could afford to self insure, but I don't. Most of my "Cadillac" insurance cost is tax deductible: that is, the IRS sets a limit on how much can be deducted by each age group, with the oldest group close to fully deductible on Schedule C. So (1) the insurers underpriced their LTC policies and (2) the IRS permits most of the annual premium to be a tax deduction. What's not to like, except the tendency for LTC insurance companies to seek retroactive price increases?
Posted by David W | Friday, December 13 2013 at 7:41PM ET
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