No. of Recommendations: 0
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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