They say the longer you live, the longer you live – at least when calculating your retirement plan’s RMD (required minimum distribution). But this happy news becomes more sobering when you start to consider how you are going to support yourself beyond your working years. For most of us this may seem like a storm brewing on the horizon.
Purchasing Long-Term Care Insurance is one way of preparing for it. I recently interviewed Phil Stackowicz, the Knights of Columbus Area agent for Indiana about how we might better weather the storms of life.
