What tax advantages are you overlooking? episode artwork

EPISODE · Apr 17, 2025 · 16 MIN

What tax advantages are you overlooking?

from Preparing For Tomorrow podcast · host Diane Stoddart

This week is about tax deductions and tax savings with LTC insurance. Individuals and business owners often overlook the tax advantages that a long term care insurance plan offers. Listen and learn who can use what kind of tax planning when funding their LTC plan. Disclosure: I am not an accountant or tax advisor. I'm simply sharing what tax saving strategiesa are available. Consult your CPA or tax advisor for specifics to your situation. Note: I mention non-forfeiture benefits on traditional LTC plans. This rider lets a policyholder cancel their plan any time after three years AND RETAIN BENEFITS EQUAL TO PREMIUMS ALREADY PAID. I left this last part out in the recording. Estimate LTC insurance rates for 6 year plans with 3% inflation growth here See what Medicad let's us keep in different states currently here View median costs of care in various settings where you live here Schedule a phone or Zoom meeting here

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What tax advantages are you overlooking?

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This episode was published on April 17, 2025.

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This week is about tax deductions and tax savings with LTC insurance. Individuals and business owners often overlook the tax advantages that a long term care insurance plan offers. Listen and learn who can use what kind of tax planning when funding...

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