US Government routinely denies benefits to those who do not have assets properly protected forcing them to pay long-term care expenses out-of-pocket
New free lunch seminar at Seasons 52 on Tuesday, April 25th or Babes Chicken on Wednesday, April 26th at 11:30am reveals the secrets of protecting assets, creating income for life and managing taxes
(TEXAS) – “Red lights should be going off and warning sirens blaring” said Robert Hall, president of Affinity Advisory Network when commenting on the state of retirement planning for most people.
“It’s really a looming crisis for most people because their money is not protected” he said.
“Is your money safe? Most people are very shocked and surprised to learn that even with a will and trust and other regular retirement planing documents that they are NOT protected. The government can still take nearly all of your money and even force the sale of your house to pay for the rising costs of long- term care” said Hall.
Robert Hall holds the rare CRFA designation which stands for Certified Retirement Financial Advisor. Recognized by FINRA, the Financial Industry Regulatory Authority, Hall has obtained highly specialized knowledge of retirement and estate planning. What follows is the interview conducted with this expert:
QHow does the government “take” all my money if I’m entering an assisted living or nursing home facility?
AWhat they do is look at all of your bank accounts and what the amounts have been over the past five years and they will force you to spend it all on your longterm care bill. For example, if you have $50,000 in savings and your facility costs $6,023 per month (yes, that’s the average), then your savings will last 8 months. Only after that has all been spent can you apply for the state and federal benefits that you have paid into over a lifetime.
QYou mentioned state and federal benefits will cover the costs of long-term care, right?
AYes. The combined state and federal benefits will provide up to $12,000 per month. About 70% of facilities can accept these benefits as payment. It’s really amazing how fast you can see your life’s savings evaporate when having to pay for this care out of your pocket.
QSo, if the government can basically force me to hand over my life’s savings to them a month at a time to pay for this expensive care, how can you prevent them from doing that?
AWell, it’s not that we prevent them from doing it but rather we move and protect your assets into a place that makes it nearly impossible for the government to get your money. It’s a specific type of account that is still entirely controlled by you.
In my view, everyone should have an arrangement like this so that you can keep nearly all you have earned in your lifetime and choose to spend it how you wish or even choose to leave it to the next generation.
QAre there any other benefits that I might qualify for?
AYes, if you are a US Military veteran, you may qualify for VA Benefits that can provide up to $2,120 per month tax free for life and that’s more than double the Spousal Social Security benefit. Only about 2% of those eligible veterans are taking advantage of this incredible benefit. For more information, go to www.youtube.com and search for: Brian Williams VA Benefits. This is a video clip of Brian Williams from NBC News explaining this little known benefit.
QEven if the money and property are protected in that type of account, I know a lot of readers may still be concerned about running out of money in retirement. Do you have a way to guarantee they will have money no matter how long they live?
AYes. There are several strategies we use to create supplemental retirement income for life. We can actually do this without ever touching the principle amount so you can have income and still have something to pass along to your spouse or children. There are real, safe and secure ways to arrange this so that you can truly live your retirement years with a lot less stress. You’ll have full confidence regarding your monthly income.
QWe’ve noticed the live seminars your company has hosted over the past three years. Why do you continue to host these events?
AThe landscape continues to change. Rules change. Criteria change. Plus, we know that circumstances change for the readers of this paper too. We know that parents age, or retirement comes closer and there are certain questions that come up as each person considers what retirement really looks like and what they can do about it.
We also have an attorney as part of our presentation team at each seminar because there are certain parts of estate planning that must be done by an attorney.
No lawyers are on our payroll, so you can trust that you are receiving completely unbiased information. Our seminars are a great way to learn in a non-selling environment. It is just information paired with great food.
QDo you find that some people would prefer to meet at your office and not ask their questions in a public seminar?
AYes. And we certainly welcome that. It’s during those one-on-one meetings where we can answer the questions and suggest specific solutions that really fit and make a difference for the person or couple.
Honestly, one of the best parts of this business is seeing the stress and tension melt away when they realize there are real, solid, safe, and secure steps that can be taken to protect what they have earned and create income for life.
Without this information, you will likely fall victim to the greedy hands of the government as they force you to either spend-down your assets a full five years prior to needing assisted living or nursing home care or use all of your savings and property to cover the cost of this care until you have almost nothing left.
We don’t believe either of those are good options. So, let me officially invite your readers to one of our free-lunch seminars.
Seating is limited to just 24 readers, so if you are serious about learning how to create an income for life, or how to protect what you’ve earned from the greedy government, then make it a point to attend one of our seminars.
Make your plans to attend now. The urgency is real. With a new administration in Washington D.C. there is a real likelihood of changes coming very soon. Using history as a guide, rules and regulations tend to change when administrations change. This could be a volatile year. Look back periods could be reviewed, waiting periods could easily be instituted, or other qualifications could change. You know now is the right time to take action. Attend the free lunch seminar and take control of your own future and the future of your family.