Do you have an individual retirement account or other type of retirement account (401k, 403b, IRA, Roth IRA) that you plan to leave to your loved ones?
The combined asset reserves of the Old-Age and Survivors Insurance (OASI) trust funds are now projected to be depleted in 2033 – just 10 years from now.
By 2033, nearly three-quarters of middle-income seniors will be unable to afford assisted living without selling their homes. But long-term care and Medicaid planning can prevent you from having a financial and medical crisis.
Now, more than ever before, Americans are using a variety of tax-deferred accounts such as 401(k)s and IRAs to save for retirement. And while the laws are currently designed so that people must start withdrawing…