Should You Consider Long-Term Care Insurance?

A listener asks Paul about people who are wealthy and need long-term care insurance. A study finds that 70% of people who live to 65 will need long-term care, but is the insurance worth it? After some research, Paul finds that only 15% of people who need long-term care actually live in a nursing home for longer than two years. Of that sampler group, who are those people most likely to be? Listen along as Paul and Ira talk about this question, with some research and information of inheritances, long-term care needs, and insurance. Later in the show, Ira looks deeper into the Thrift Savings Plan (TSP) for a client and sees quite a few issues with how much people have in fixed income when they retire. 

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