Ask Terry Questions Medical diagnosis changes retirement plans

Medical diagnosis changes retirement plans

By Terry Savage on March 26, 2024 | Insurance & Annuities

We are a 64 year old couple. About 2 million in 401k, cash and money market. House is paid off. A medical diagnosis could be very debilitating. Home care and long term care might be needed. Progression of disease is different for everyone. We do not have long term nursing home coverage. We have medical coverage currently. What moves would you suggest to do now?

Terry Says

I would suggest you investigate a “combo” life/long term care insurance policy — IF you haven’t already been diagnosed.
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