BIDMC - Analytics
Long-term care risk, not market or interest rate risk, may well be the single largest threat to the financial security of retirement minded individuals. Future long-term care liabilities can easily be $1,000,000 – or more. Where will this money come from? What assets will need to be liquidated? What are the tax consequences?
There is a need to understand this risk, and for many of us that means it should to be quantified. Simply stated, you need to do the math.
These calculators are designed to be user friendly. Because they are friendly they may not be as specific, or “scientific” as other calculators we have designed and seen. But they are effective because they will help you understand the magnitude of your specific risk, and will help you design a prudent risk management program in accordance with your risk tolerance – and budget.
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Select the age closest to yours. Download the accompanying Excel file to use as your unique worksheet |
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Click below to view a static version |
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