About this Course
Topics covered include:
Planning ahead to ensure adequate income for longevity.; Social security and how to optimize it for longevity
401(k) plans, IRAs and other vehicles that are used to save for retirement;
Required minimum distributions and strategies for minimizing them;
Medical and personal care costs related to aging;
Medicaid and Medicare;
Qualified Income Trusts;
Long-term care insurance;
Paying for long-term care and housing considerations for the elderly;
Cost of in-home care;
Long-term care facilities costs;
Life insurance;
Health Care Power of Attorney;
Durable Power of Attorney;
Revocable or irrevocable trust.
Upon completing this course, you should be able to:
Describe strategies for planning ahead for elder care;
Explain the options for paying for long-term care;
Identify the tax-related matters to be included in a durable power of attorney.