Your Biggest Financial Threat in Retirement Might Surprise You

1
Your Biggest Financial Threat in Retirement Might
Surprise You
2

• While most retirees worry about stock market
  downturns, an even bigger financial threat is an
  unexpected health event that Medicare doesnt
  cover. The average cost of home health care and
  assisted living is over 40,000/year and a
  full-skilled care facility is over 70,000/year.
  This retirement planning decision is truly a
  family one if you dont make plans to cover
  these costs, the burden falls to your adult
  children, who are trying to save for their own
  retirement and their kids education. That is not
  a scenario anyone wishes for their children!
• Several options exist to pay for home health and
  long-term care costs

3

• 1. Self-insure and rely on family members
• Pros If you never need long-term care, you
  havent spent money on unnecessary premiums.
• Cons A couples funds can be depleted providing
  care for the first spouse, leaving the second
  spouse with few options. Additionally, the
  psychological and physical toll on the caregiving
  spouse is significant.
• 2. Let my money run out and rely on the
  government
• Pros Minimal cost.

4

• Cons Medicaid requires you to be impoverished
  and gives you little control over the facility in
  which you will live. It does not cover home
  health or assisted living.
• 3. Use traditional long term care insurance
• Pros Annual premiums provide insurance benefits
  for a variety of home health, assisted living and
  skilled facilities.
• Cons Premiums do increase over time, and it has
  the use it or lose it stigma of paying for
  something you may never use.

5

• 4. Asset-based long term care insurance
• Pros This is, by far, my favorite option. It
  allows you to reposition a portion of your
  savings into a type of life policy that provides
  a multiplied amount of your investment, tax free,
  if you need long term care. And there is no use
  it or lose it your investment simply turns
  into an inheritance for your heirs, or you can
  even cancel the policy and request your money
  back.
• Cons Need to have the necessary investment
  minimum of 35,000 already saved, though 10-year
  payment plan is available.
• Now, there is even insurance available for people
  who already need long term

6

• care and are afraid they will run out of money.
  As a financial planner, my job is to protect my
  clients financial lives. Get started today
  call my office to schedule a complimentary
  conversation. Your family will thank you.
• Marsh Wealth Management, LLC
• 1341 Branton Blvd, Suite 105
• Knoxville, TN 37922
• 865.622.2162
• admin_at_marshpros.com

7

• Financial Planning Investment Advisory Services
  are offered through Marsh Wealth Management, LLC
  (MWM), an independent investment advisor
  registered with the state of Tennessee. Yvonne
  Marsh is an Investment Advisor Representative of
  MWM in the state of Tennessee. Marsh Professional
  Group, LLC is a TN registered public accounting
  firm and a separate legal entity from MWM. For a
  detailed discussion of MWM and their investment
  advisory fees, see the firms Form ADV on file
  with the SEC at www.adviserinfo.sec.gov.

8

• Marsh Wealth Management (MWM) is knoxville
  financial planners and independent investment
  advisor registered with the state of Tennessee.
  Yvonne Marsh, CFP, CPA, and member of the
  Financial Planning Association is an Investment
  Advisor Representatives of MWM. If you are
  looking for a CFP in Knoxville or any other
  financial planning investment advisory
  services, contact Marsh Wealth Management today!