Seventy percent of all retirees will face the high cost of aging which can devastate and/or derail retirement. The good news is there are numerous ways to protect your family's finances while remaining at home. Participants will learn how to stay in their home using Individual Retirement Account (IRA) funds that are tax free; how to use a 13-year-old tax law to convert certain accounts from taxable to tax free if used for care; how to qualify now for a lifetime benefit to protect spousal caregivers if the need arises and money to family if no care is needed; how to prevent the home from Medicaid liens; how to utilize assets in a tax-free manner to help with long-term care costs and more.
Neal Angel serves as a financial planner and investment advisor with AngelRoyce Wealth Advisors in Greenville, SC. He has advised thousands of families as a speaker on current retirement issues.