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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78299  
Subject: Re: Long Term Care Date: 3/30/2011 7:56 PM
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TerryMcK writes,

I subscribe to CR also, but sometimes they get stuck on repeating the same thing for a number of years. Most other general type statements I have seen on this say that if you have no assets to speak of or if you have over $2M to self-insure then maybe you skip the LTC. As has been mentioned, however, this depends on your sources of income. If the only source is the $2M and you need to draw from that for another 20 years, then maybe that won't do it.

There is no one answer, so I suggest you try to get some reputable help and run a number of scenarios. Even this is not foolproof since we did all of our scenarios based on my retirement income, assets, etc, and then the market crashed 2 years later.


The stock market goes up and down. The money spent on LTC insurance premiums is gone forever.

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