Have you considered the possibility that you will need to pay for long-term care (LTC) when you are older? If not, you should. Given the high cost of nursing home care, many seniors turn to Medicaid to help cover those expenses. Qualifying for Medicaid, however, could threaten your retirement nest egg if you failed to plan. For example, if you are one of the many people who is planning for retirement by funding an Individual Retirement Account (IRA), you need to consider whether Medicaid can … [Read more...] about How Will a Retirement Account Impact Medicaid Eligibility?
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