Blog Archives

The Problem with IRAs – The Solution

            So, what is the solution to Bill’s IRA problem from last week?  He has $1.2 million in IRA money and doesn’t want to risk losing it all to long term care if he gets sick.  But protecting it by moving it to a trust will cause him to pay a lot in income taxes.  […]

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Turning Life Insurance into Long Term Care Insurance (Part 1)

For 20 years now, I’ve been guiding clients and their families on the spend down of assets before applying for Medicaid.  Successful applicants must spend down just about everything before getting Medicaid approval, including any life insurance policies that have cash surrender value. For many seniors the cash surrender value of their policies is a […]

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