October 18, 2017 Life never goes according to plan. If we had a magic wand, we'd all peacefully die in our sleep on our 93rd birthday after living an invigorating life. That way we'd never have to be a burden on our children or spend a fortune during the last few...

Insurers pitch hybrid policies, which also offer a potential death benefit, to affluent Americans By Leslie Scism, Wall Street Journal - June 9, 2018 Last year, after finishing with college tuition for their three children, Jessica Galligan Goldsmith and her husband,...

by Bob Carlson Editor, Retirement Watch 01/17/2021 It's estimated that more than 72% of older Americans (65 and over) will require long-term care (LTC). And there's a 91% chance that, if you are married and over age 65, one of you will experience a long-term care...

One of the most tragic aspects of the coronavirus pandemic is that as of June 3, 42% of all COVID-19 deaths in the U.S. have come from nursing homes or assisted-living facilities. The statistics reinforce every senior’s desire to remain at home in his or her final...

No one can predict a long-term-care medical event. But if it does happen, here is something to consider: An IRS-approved investment vehicle that lets you pre-pay (tax-free) for long-term care expenses… and can reduce your long-term-care expenses by up to a whopping...

“David and Todd Phillips of Estate Planning Specialists, my go-to source for the best in life insurance, LTC and annuities.” “David T. Phillips and Todd Phillips are my estate planning experts.” “Two of my favorite professionals for helping subscribers think through...

By David T. Phillips, CEO Myth #1 My family will take care of me. Time, distance, and both spouses working have made it more difficult for many families to provide all the care needed. Even if family members can find the time to provide care, it can often take its...

By David T. Phillips, CEO The Pension Protection Act was signed into law in August 2006 containing more than 900 pages of changes and refinements to regulations regarding defined benefit plans, defined contribution plans, individual retirement accounts and other...

By David T. Phillips, CEO Many of our clients have qualified assets (IRA/401k, etc) they intend to use for retirement income. However there is one unknown factor that could unwind the best laid plans – Long Term Care (LTC) expenses. The most prudent way to insulate...

By David T. Phillips, CEO I want to share with you a conversation I had the other day with a client when telling her the good news that she was approved for coverage for her Return of Premium Long Term Care Plan (ROP LTC). Bonnie (not her real name) is a single, 58...