In-depth analysis on long-term care planning from Withbert W. Payne, CPA, CA, CGMA — written for professionals, executives, and high-net-worth families.
California is studying a state-run long-term care program — but no payroll tax, mandate, or opt-out deadline exists today. What the Task Force is considering, how it compares to Washington State's WA Cares Fund, and what it means for California residents who want to plan ahead.
Read article →70% of Americans who reach age 65 will require long-term care. Most families insure confidently against risks with a 1–5% probability of occurrence, and leave unprotected a risk that is, by a wide margin, more likely than not. A data-driven case for why this risk belongs in every serious retirement analysis.
Read article →Self-insuring long-term care sounds prudent for high-net-worth families. The mathematics say otherwise. An examination of the arithmetic, probability, inflation, timing, and underwriting realities that make self-insurance a fragile plan for all but the most well-capitalized households.
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