000 of qualifying benefits can provide $100

Les Robinson Helps Individuals and Families Understand the Often-Overlooked Tax Impact of Paying for Extended Care. A long-term care event can create more than a healthcare challenge—it can become a significant financial and tax-planning issue for retirees and their families. According to Les Robinson, CEP®, CLTC®, CRPC®, Certified Estate Planner, […]

Could a Long-Term Care Crisis Cost You More Than You ...

 in Avoid losing your Retirement Money from a Nursing Home and Medicaid Spend Down / Education of Long Term Care Insurance / Les Robinson Earns Certified Estate Planner (CEP®) Designation / Long Term Care Agent Les Robinson Recommends “Stories of Celebrity Caregiving” to Inspire Caregivers  tagged ” Robinson explains. “If your savings are held in a traditional IRA or 401(k) / ” Robinson says. Robinson encourages individuals to look beyond wills and trusts and evaluate how retirement / 000 available after federal income taxes.” By contrast / 000 of qualifying benefits can provide $100 / 000 toward care / 2026 — A long-term care event can create more than a healthcare challenge—it can become a significant financial and tax-planning issue for retirees and their families. According to Les Robinson / 579 in taxable withdrawals to have $100 / and national professional resource on long-term care and wealth protection / author / benefits from a properly structured / CEP® / Certified Estate Planner / CLTC / CRPC® / educator / estate / if someone is in a 24% federal tax bracket / Les Robinson Helps Individuals and Families Understand the Often-Overlooked Tax Impact of Paying for Extended Care WESTERN NEW YORK — October 6 / Medicaid / one of the most overlooked questions is where the money for care will come from. “Here’s something most people don’t think about / subject to the policy’s terms and applicable tax rules. “When your health changes / tax / tax-qualified long-term care insurance plan are generally received income-tax-free under current federal tax law. That means $100 / they would need approximately $131 / withdrawals may be taxable. For example / you want as much of your money as possible going toward your care—not unnecessarily toward taxes by