Far too many American families avoid discussing important issues regarding their parents; especially when the discussion has financial implications. However, proactive planning, across generations, can often lead to wise long-term decisions.
In this case study, we make the following planning assumptions:
Once the RMD situation is understood, which scenario would better address their planning needs?
Age 72 may not be the optimum age to set up a Long-Term Care Plan, but funding the plan with qualified funds can provide substantial benefits and minimize the impact of age affecting the plan.