June is Annuity Awareness Month, a time to explore retirement tools that deliver safety, growth, and income you can’t outlive. One increasingly popular option is the Fixed Indexed Annuity (FIA)—especially when paired with a Long-Term Care (LTC) rider. For many retirees, this combination offers a smart strategy for covering future care needs while safeguarding retirement savings.
In this article, we’ll break down what Fixed Indexed Annuities are, how LTC riders work, and why they’re worth considering in today’s uncertain economic and healthcare environment. Read More
Chances are you have heard of long-term care, but how does it come into play in retirement? What are the chances that you will need long-term care? How much will it cost? It’s important to consider these questions as you think about how you will manage healthcare expenses in retirement.
If your goal is to have a financially secure lifestyle, then you may want to treat the odds of you (or your spouse) needing long-term care as a fact. As we will see later on, the odds of some long-term care needs go up as people progress in their retirement years. This possibility can derail even the best-laid retirement plan if it isn’t adequately accounted for in retirement income planning projections. Nor will Medicare pay for many long-term care services and supports, as is often believed.
In this article, we will go over the basics of long-term care, how much it can cost you, and some strategies that can give some financial relief so that long-term care doesn’t drain your retirement savings.
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