Case Study #1:  Sally Saver, "The Retired Widow"

Long-Term Care Planning for women is very important, and for those who are single, widowed or divorced it's even more of a concern.   When we look at scenarios for women in this situation, we often find that children and extended family are no longer living nearby and women like Sally lack a support system if Long-Term Care is needed. 

In this case study, we make the following planning assumptions:

• Sally is 60 years-old and has approximately $750,000 in assets
• Social security and a pension generate the income to maintain her lifestyle.
• Long-Term Care "Plan" - She maintains $150,000 in Low-Risk, Low-Yield deposit accounts.
• These "legacy" assets would pass to her grandchildren if care is never required.

Below are two different planning scenarios to address Sally's Long-Term Care Planning needs.....