This post is intended for financial professional use only.
Every day, 11,000 baby boomers retire, totaling 4 million annually, and this trend will continue until 2030. Despite controlling half of the national wealth, including trillions in retirement assets, many are not prepared to fund the long-term care that 70% of people over 65 need.
Long-term care can cost upwards of $115,000 annually, making long-term care funding a significant part of retirement planning. Between the steep pricing, high likelihood of need, and the historic "Silver Tsunami" of baby boomers retiring daily, financial advisors have a unique opportunity to further support their clients by offering a solution that addresses both current needs and legacy planning.
In this episode of Money Script Monday, Sal outlines a unique IRA strategy that protects assets, provides significant tax benefits, and prevents a strain on savings due to future healthcare costs.
Resources Provided for This Episode
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