In keeping with our focus on long-term care, this month we’re offering a resource that breaks down all of the tax considerations associated with long-term care. While federal law is generally favorable when it comes to long-term care expenses, there are several key factors that you have to take into account when planning for the future. This month’s resources goes through the considerations associated with costs, savings limits, and tax considerations for employees as well as those who are self-employed.
Click here to download this month’s resource and contact the Robin S. Weingast & Associates Team if you’re ready to take control of your future and address your long-term care planning needs.
Think you know what you need to about long-term care? We found two short quizzes that will put your knowledge to the test. From rising costs and an increasing number of people that will require long-term care, to the leading reasons why people purchase long-term care insurance, the answers to these questions may surprise you.
Click here to take the first quiz and see how you stack up.
Ace that one? Click here to take the second quiz.
Did these quizzes raise some questions about long-term care and what you need to do to prepare for your future? The Robin S. Weingast & Associates Team is ready to address all of your concerns about long-term care, long-term care insurance, and planning for your future. Contact us today and give yourself peace of mind.
Welcome to the next installment of “What Robin’s Reading,” our bimonthly feature that highlights what the Robin Weingast team is reading to stay current and up-to-date on the issues that will most impact our clients and their benefit planning. This month we’re reading “Determining the Future of Long-Term Care.”
Why are we reading this?
The industry estimate is that over 70% of people will need long-term care at some point in their future. It’s an unavoidable and expensive need, with costs soaring over the past five years (link to RSW post on costs). Last year, long-term care was in the spotlight and we know that it will be a pivotal issue in the years ahead. There will also undoubtedly be legislative focus on long-term care expense taxation issues that may change long-term care planning strategies.
The article recognizes that strong long-term care “requires a well functioning interdisciplinary care team, innovative delivery systems, and carefully coordinated care. This cannot be done alone, but will sometimes require a strong strategic partner.”
The Robin S. Weingast & Associates team prides itself on being your go-to strategic partner. We make it our business to have the expertise needed to address our clients’ most pressing and important concerns and we also offer innovative, tax-favorable solutions to long-term care planning. Contact us and let us put our knowledge to work for you.