Post by steelpony10 on Sept 18, 2021 11:39:03 GMT
www.morningstar.com/articles/887642/theres-no-magic-number-for-self-funding-long-term-care
We use 40% of our retirement portfolio to supplement SS for our monthly needs using CEF’s to provide this supplemental income. We projected our supplemental needs to age 90 at a personal inflation rate of 3.5% which is purposely inflated. The monthly excess is auto invested (DCA) into equity indexes and a municipal bond fund. This 60% is then taped first for any surprises, big purchases or ultimately used for LTC.
I refer to this as sections or parts while she uses the term buckets. Discussing financial issues with aging Depression era parents for 30+ years our terms were much easier. Maybe even with a spouse, relative or successor.
We use 40% of our retirement portfolio to supplement SS for our monthly needs using CEF’s to provide this supplemental income. We projected our supplemental needs to age 90 at a personal inflation rate of 3.5% which is purposely inflated. The monthly excess is auto invested (DCA) into equity indexes and a municipal bond fund. This 60% is then taped first for any surprises, big purchases or ultimately used for LTC.
I refer to this as sections or parts while she uses the term buckets. Discussing financial issues with aging Depression era parents for 30+ years our terms were much easier. Maybe even with a spouse, relative or successor.
