Blog

Category: Longterm Care

Planning for Long-Term Care

Planning for Long Term Care

Posted By Lineweaver Financial Group
August 29, 2019 Category: Longterm Care, Healthcare, Elder Law, Estate Planning, POA, Power Of Attorney, Retirement

Many people don’t know that over 69% of people turning 65 this year will need some sort of long-term care at some point in their retirement. Our firm specializes in planning for and managing retirement for private and institutional clients, and our clients often require advanced planning to protect their assets. First of all, it’s important that you have an elder law attorney. Elder law is a niche area of legal practice covering estate planning, wills, trusts, retirement healthcare planning and protection of assets. A good elder law attorney can help advise you on all these areas. The right planning starts with the right documents, especially the Power of Attorney. The power of attorney law changed in Ohio in 2012 to the Uniform Power of Attorney Act, and many powers of attorney documents don’t conform with this legislative change. We highly recommend for anyone with a power of attorney written prior to March of 2012, that you have that document reviewed to determine if it meets the new criteria.  Another important aspect of elder law is retirement health care planning. For example, most people under 80 don’t have pensions, and their net worth is primarily invested in IRA’s and 401(k)’s. These assets present a difficult challenge when planning. For those individuals, a leverage strategy using annuities and/or life insurance with long term care benefits can be very effective. Traditional long-term care insurance is no longer the on

Categories
Finance (54)
General (40)
Commentary (35)
Newsletter (30)
Economy (27)
Blog (24)
Portfolio (24)
Educational (16)
Retirement (13)
Economic Commentary (12)
Taxes (8)
Letter From The President (7)
Healthwatch (7)
Bonds (5)
Tax (5)
Market (5)
Health (4)
Q3 (4)
Estate Planning (4)
IRA (3)
Markets (3)
Dividends (3)
New Year (3)
Inheritance (3)
Investments (3)
Tax Planning (3)
Lineweaver (3)
Holiday (2)
Financial (2)
Trump (2)
Insurance (2)
Planning (2)
Crain\'s (2)
Awards (2)
Coordination (2)
Social Security (2)
Market Update (2)
Spotlight (2)
Election (2)
Economic Outlook (2)
HealthWatch (2)
Volatile Market (2)
Strategies (2)
Healthcare (2)
Annuities (2)
Annuity (2)
Charity (2)
Tax Strategies (2)
2019 (2)
Q2 Newsletter (2)
Resolutions (2)
Goals (2)
Investment (2)
Trust (2)
529 (1)
2020Q4 (1)
Medicare (1)
Medicare Supplements (1)
Your Retirement Playbook (1)
Sleep (1)
Markets Don\'t Pick Sides (1)
CDs (1)
Healthy Living (1)
Finances (1)
Donation (1)
2021 Outlook (1)
Crains (1)
401k (1)
Wealthtrac (1)
2020Q3 (1)
Stimulus (1)
Black Swan (1)
Agreements (1)
Prenuptial (1)
Postnuptial (1)
(1)
CARES (1)
CARES Act (1)
Banks (1)
Security (1)
Nutrition (1)
Email (1)
Spam (1)
Steps (1)
Probiotics (1)
Money (1)
2020 (1)
Interest Rates (1)
Fraud (1)
Cyber (1)
Financial Services (1)
Series (1)
Estate Plan (1)
Retirement 401k 529 (1)
Business Coordination (1)
Recession (1)
Financial Professionals (1)
IRS (1)
Cosultation (1)
Dollar (1)
Certified Financial Planner (1)
Employee (1)
Clients (1)
School Tuition (1)
Cefex (1)
Second Opinion (1)
Medical News Today (1)
Invest (1)
Rating (1)
Certification (1)
Cds (1)
Real Estate (1)
Eductional (1)
News (1)
Investment. Advisers (1)
Sales (1)
End Of The Year (1)
Technology (1)
Education (1)
Analysis (1)
College (1)
Fitch (1)
Pros And Cons (1)
Lineweaver Financial Group (1)
Nuptial (1)
Pse (1)
End Of Year Taxes (1)
Summer (1)
Travel Tips (1)
Travel (1)
Drink Water (1)
Market Volatility (1)
Investing (1)
Cryptocurrency (1)
Bitcoin (1)
Advice (1)
Q3 Newsletter (1)
Client Spotlight (1)
In Laws (1)
Trusts (1)
Bloodline Trust (1)
Marital Trust (1)
Vacation From Investments (1)
Screens (1)
Eye Strain (1)
2018 (1)
Market Review (1)
Bruce Motko (1)
LFG (1)
Financial Quarterback (1)
Reallocation (1)
Eat More (1)
Market Commentary (1)
Market Review 2017 (1)
Letter From The President New Years Resolutions (1)
Transfer Real Estate (1)
Defer Tax (1)
Top Financial Strategies Of The Wealthy (1)
Market Pullback (1)
RMD (1)
New Website (1)
Distribution (1)
Financial Planning (1)
Tariffs (1)
NAFTA (1)
Trading (1)
New Tax Law (1)
529 Plans (1)
Charitable Giving (1)
Q2 (1)
Rising Interest Rates (1)
Quarterly Newsletter (1)
Donations (1)
Credit Unions (1)
Traditional Ira (1)
Congress (1)
Sell In May And Go Away (1)
Stock (1)
Buy (1)
Sell (1)
Dementia (1)
Review (1)
Lose Weight (1)
Roth Ira (1)
Big Banks (1)
Savings (1)
Checking (1)
Banking (1)
Longterm Care (1)
Elder Law (1)
POA (1)
Power Of Attorney (1)
Charitable (1)
Roth Conversion (1)
Chad Roope (1)
Tax Law (1)
Healthy (1)
James Lineweaver (1)
Exercising (1)
Vacation Home (1)
Diversification (1)
Stocks (1)
Market Outlook (1)
Financial Goals (1)
Jim Lineweaver (1)
New Years Resolutions (1)
Cooking (1)
Wills (1)
Tips (1)
Q1 (1)
Pro Football Hall Of Fame (1)
Anne Graffice (1)
David Baker (1)
Sring Cleaning Your Finances (1)
Keeping Your Mind Sharp (1)
Q2 2019 (1)
Legal (1)
Strategy (1)
+ Show More

Terms and Conditions | Privacy Policy | Disclosures

Case studies are intended to illustrate the types of financial issues faced by actual clients. They should not be construed as a testimonial for or endorsement of Lineweaver Wealth Advisors. They do not represent the experience of any advisory client. Each client’s situation is different, and their goals may not always be achieved. Lineweaver Wealth Advisors, LLC, is not engaged in the practice of law or accounting. Tax information provided is general in nature and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Tax rules and regulations are subject to change at any time.
Nominees in the Top 100 Magazine selections are not required to pay a fee for consideration. Individuals appearing in half and full page editorials, have paid a fee for additional exposure. Candidates for consideration are selected utilizing proprietary software. Top 100 Magazine analyzes the results before making their final selections. Financial Professionals and/or wealth managers must also met the following criteria; 1. Be registered with the SEC as a registered investment advisor or a registered investment advisor representative; 2. Have no more than 1 filed complaint with a regulatory agency; 3.Never been convicted of a felony. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the Financial Professional by any client nor are they representative of any one client's evaluation. Participants for the Top 100 in Finance appearance were reviewed in 2022, and recognized in March of 2023. Lineweaver Financial Group appeared in Money magazine in 2015, Fortune Magazine in 2016, WTAM 1100 in 2018, Forbes in 2020, Channel 5 in 2020, and Top 100 in Finance in 2023.

Lineweaver Financial Group ©
Powered by Virteom Logo Virteom