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Eldercare
Reply to "should we opt for the only long-term care option on offer?"
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[quote=Anonymous][quote=Anonymous]Can you estimate how long before he either won't be able to function? If that timeline is long enough that investing $100k over that period would yield more than $250k in returns, then clearly invest the $100k. Also, how long could you expect him to draw benefits? $6,000 a month is 42 months before the $250k is reached, and if you don't expect him to draw benefits for that long then your $100k investment didn't even yield it's full return. I have to agree with your financial advisor's meh opinion about this plan, especially given that you have $4M net worth with disability and life insurance.[/quote] He's 100% functional right now, and chances are he will be for years. Of course, there is no way to predict any one person's progression. How long do you think it would take to turn 100K into 250K in a normal market? [/quote]
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