Bob

Comments:

• Anybody know why LT care insurance isn't offered on a true insurance against catastrophe basis? I'm sure I could cover the cost for a few years, but not nearly so sure about twenty years. I wish they would sell policies that let you pick your exclusion period.

  Post: What I Don’t Own

  Link to comment from March 4, 2023

• Agree. I have a traditional LTC policy. I've often wondered why insurers don't offer a variety of waiting periods before coverage begins. I'm pretty sure I could cover a couple of years of LTC expenses, but I probably couldn't cover 10 years. I'd gladly buy a policy that didn't begin paying for a couple of years. Premium should be lower, because of exactly the same dynamics that apply to deferred fixed annuities. A high percentage of people who start to need LTC will die within a couple of years.

  Post: Paying for Aging

  Link to comment from March 10, 2022

• The R in RMD stands for required. It's not merely a possible strategy. A retiree must withdraw that much. Start with social security, add your RMD, add any pension and any fixed annuities, then try to figure out how much more, if any, you will need this year. See what your RMD plus any additional necessary withdrawal makes your total withdrawal rate and try to evaluate whether that rate is likely to be sustainable.

  Post: Drawdown Drawbacks

  Link to comment from March 8, 2022