LTC

kriptah

Hey OP, can you enlighten us as to why LTC is indeed the future?

Gunk_Olgidar

Stocks: Sell high. (hint: most of them are high). There is a lot of cash coming off the chip/AI stocks driving up the rest with sector rotation. Take advantage of this. (another hint: ETFs do this automatically) Funds: consolidate to a single SP500 ETF. I doubt any of the others have outperformed or will outperform on a scale of 10+ years, but you can do that homework for yourself. Keep 10% or so in cash to buy the big dips (hint: 2002, 2009, 2022) and you can improve the long term performance of the SP500 ETF *significantly*. Create a separate, small play toy margin brokerage account in an IRA so you can gamble and do trades/options whatever to satisfy your emotional itch to gamble, and make some money. I've done quite well this year with mine, realizing large LTC gains over 24mo by selling high in June/July. I'm neither smart enough nor dumb enough to play with options, so I'll stick with the success from what I know (for now ;-). Enjoy your journey.

MiserableFloor9906

And yet she'll need an ER bed because won't spend on LTC.

Lonely-Internet-7565

But then it should be going down and coming back up late Nov early December in time for LTC halvening. Every crypto winter, there used to be big firms going bankrupt which is also missing this time around

YogurtclosetMajor323

I did this with LTC and ETH smdh. Well deserved. Day 3 of no jerking off

MyDogsNameIsTim

Did insiders buy or was it just their previously owned LTC units?

stoneman9284

Sounds like calls on LTC carriers

Me-Regarded

Today... BA, PFE, LTC, DG, ELF, GLD, META, ..MU at close

Me-Regarded

That would be interesting. My PFE and LTC boring divi stocks did well too, actually most of my stuff. I missed most of the semi rally which I hate, thought this war thing and oil would be fixed so housing and HD, and LEN , etc might move. Nope...just semis every damn day. I shorted them cuz I hated them

i_am_viet

I can understand wanting to control taxable withdraws, especially if you want to minimize reported income to meet subsidies. I will just leave this bit of information as a thought starter in regard to medical costs. https://aspe.hhs.gov/reports/what-lifetime-risk-needing-receiving-long-term-services-supports-0 About 70% of adults over 65 end up needing some form of long term care services. Men average 2.2 years of needing LTC, while women see an average of 3.7 years. Cost of LTC is around $100k a year. Say you have access to an HSA in your healthy 20s. You manage to sock away $10k (about 1 year of HSA max contributions family or 2 years as a single) in there and invest in a boring S&P500 fund. Napkin math rule of 72 says balance will double every decade at 7% average inflation adjusted returns. So by age 65… $10k * 2^4.5 = $226k. The money can be used to self insure this LTC expense for the average case scenario. Plus the Medicare premiums you’ll have to pay anyway. All without realizing a tax event. And if you beat the odds of not ending up not needing LTC then having extra money to deal with isn’t a bad problem to have.

i_am_viet

Hate to be the person. A Google search would have [answered your simple question](https://www.healthcare.gov/high-deductible-health-plan/hdhp-hsa-work-together/#:~:text=You%20generally%20can%E2%80%99t%20use%20Health%20Savings%20Account%20funds%20to%20pay%20premiums). > You generally can’t use Health Savings Account funds to pay premiums. Why are you looking to spend before 65? The HSA can be used to for Medicare premiums (except Medigap). You can also use it to long term care, which you may have a good chance of experiencing. Don’t know your age but seems like you are positioned to self insure yourself for LTC instead of paying for an expensive policy.

Aigpil

rolling deep ITM out 8 months isn't really a theta trade tbh. on a deep ITM long-dated call most of the value is intrinsic, the extrinsic (the actual theta you're "selling") is tiny. what's really happening is you're deferring the tax event in exchange for capping upside another 8 months. if you want to keep these shares and sell theta on them, roll to a higher strike with delta around .50-.60. that's where there's real extrinsic to collect. otherwise option (b) is cleaner. eat the LTC, redeploy with full flexibility.

LongSaltyDanglers

LTC is the dumbest thing I've done. What waste of fucking time. Thank god I'm mostly a btc maxi.

tomhughesnice

Personally I would do yourself a favour and cut your losses. I held LTC for many many years(before it hit it's ATH) before selling a few years ago. While I believed in the fundamentals, there was always such a negative sentiment(Charlie sold the top etc) that I lost hope thinking it would hit the highs again.

Fit_Landscape_2085

Agreed. Love how he focuses in the last month. I made 22% last year. If he is this worried I wonder how he felt during the first 3 months of Covid. He would already be in cash lol. But to answer the OP question. If u that scared go buy 10 year t bond paying 4.5% with discount. Then buy your wife a LTC coverage.

FastCar_5

I also got BTC and LTC in 2017 but now it's complete fraud circus. His connections like lunatic are responsible for policy action on crypto while his sons and lunatic's family invest in it through their fund, it's completely fucked up. Not fair to the people who get it at the price they do when someone else can manipulate it easily.

itscience_stupid

My brother had a Mutual Of Omaha guy try to sell him long term care insurance for $17000 per month. He passed on that. It's insane. That ship sailed. It's too late in our life. When we're ready, we'll be doing a trust to protect what assets we have left for our nieces and nephews. I don't think the quality of care matters whether you have a policy. The nursing homes all suck. I saw that when my mom needed LTC. My uncle was rich and purchased a policy for himself and his wife. Everything was covered, yet their care still sucked.

fn_gpsguy

It depends on one’s appetite for risk. I am a couple of years older than you are and am about 80% equities and 20% fixed income/cash. I have other sources of income and am not dependent on my investments yet. I’ll be self-insured, should I need LTC in the future.

lilphoenixgirl95

Nope, plenty of people do. Monero is not available in the UK so BTC/LTC remain the default. No one cares. I’ve used it myself hundreds, maybe even thousands, of times for small-ish purchases.

Emotional-Power-7242

My poker site takes LTC. It takes BTC too but LTC is faster with lower transaction fees.

max_2213

Sell Bitcoin because pedos, buy LTC for utility.

HedgehogGood7411

ETH to $100, BTC to $4k, LTC for $1 and I'll buy.

fudfuggets

Only btc and LTC are proof of work

Great_Molasses_4601

100% felt the same to, I got on the grounds on LTC at a decent adv. Aswell as started a ETH position at 2.3k today.

jtmn

LTC and BHC no where near the market cap and network of BTC  USDT etc has obvious problems you know about

loopin222

hahahaha maybe in 2011. In 2026 BTC has competition that innovate like USDT, USDC, ETC, etc. BTC is slow with high fees. The only thing it has going for it is scarcity, but so does LTC, BCH, and all other hard forks of BTC. There is no cost to swap BTC to another coin and there is no moat for BTC.

rddtllthng5

You're spot on - Coinbase has amazingly cheap support for LTC. Also wish CashApp had LTC

Think_University6435

LTC

watchtower1822

I didn't think there are any. If you are interested in researching the individual companies: REITs: VTR, WELL, CTRE, OHI, NHI, LTC Non- REITs: ENSG, NHC, BKD, PACS OHI, NHI, LTC, CTRE are probably some of the safer ones, but with less upside. They get most of their revenue from fixed rent. VTR, WELL, ENSG, and NHC have more risk, but more upside. Their income is more dependent on the performance of the facilities. Changes in occupancy, for example, can greatly affect income. I wouldn't recommend BKD or PACS unless you really know what you're doing. They have a ton of debt.

I_am_Nerman

At 79 she should be 20-80. What does she need the gains for? Should be more about capital preservation at that age for emergency, LTC and legacy.

42Enth-E-ND

CSCO just broke ATH, this is a bad omen. Like the LTC of stocks. Market has spoken.

aftherith

Did a little research. Some of these look better than others they've all performed well and I would wait for a dip OHI NHC LTC ENSG BKD. You are not wrong with that thought process I've seen some people I considered wealthy lose it all in a matter of months to the nursing home.

42Enth-E-ND

CSCO is like the LTC of stocks... if it's pumping, the party's ending.

Pizza_n_Tendies

Watch my LTC keep ripping

RabonahTTV

Alright everyone, Monday afternoon I opened a portfolio heavy into tech. I am the reason the market is crashing. Deposit all your LTC to my address and I will close my positions, catapaulting the market into unforeseen heights. You have one day

WingWorried6176

Buying LTC was a mistake, but I know when I sell this shit for a loss it’s gonna rip

literanch

Imagine holding LTC for the past 10 years. I’d want to kill myself lmfao

darkoath

Okay so I actually dropped that image in the garage and it turns out that your assumption is incorrect. All the colored lines are different cryptocurrency coins compared to bitcoin as a baseline. SOL, ETH, UNI, LTC

Johnny-Virgil

I don't have any kids, so that part is sorted. Just LTC to worry about, if I make it long enough to worry about it.

NYGiants181

LTC went down like 25% in a couple hours

Pizza_n_Tendies

LTC is finally doing something

mavreix

Anybody wanna pump a random crypto? Im thinking LTC to $400 at open tmw

PickleRickleTV

Thought that back when BTC was 4K so I bought LTC hoping to “catch up”. 8 years later BTC was like 80K and LTC was basically unchanged. Moral of the story is only gold is gold. Trying to play cute angles like this will leave you in the dust.

solanawhale

You’re naming a use case that doesn’t need to exist. I can buy those things without LTC.

AH1776

I already buy things and subscriptions with LTC. Use case is here. A lot of foreign interests don’t want dollars, they’ll take the LTC and just convert that to their local currency.

AH1776

I purchase subscriptions with LTC. I purchase Gold and silver with LTC aswell. There are a lot of use cases, but these are the two I use.

zangor

I bought some LITS calls … I’m on that LTC sunk cost fallacy 10 year plan.

kaBUdl

I think long term care may benefit from a demographic tailwind, along with generational asset skew. Robotic/AI LTC should blast off, maybe watch Japan first? The ongoing depletion in rural health services may be an opening for telemedicine.

zangor

LTC has been such a disappointment. But maybe very long term it will pay off.

literanch

As someone who used to have a lot of LTC about 8 years ago — never. It will never moon. BTC is up 1000% in the same time period that LTC is up 300% or less. Glad I got out of that shit.

Red_Blue_Jay

Who is the policy owner/policyholder? They would receive the surrender value. For tax purposes the obligation is surrender value less premiums paid. I am assuming the policy owner is the parents, so would the surrender value be used by the parents or would it be gifted to the children? If it is the children one thing to remember is, given the size of surrender value, to use the lifetime gift and estate tax exclusion. One thing to think of is a partial surrender. A partial surrender withdraws some cash from the policy accompanied by a reduction in the face amount. This way you pull some cash out but you still have life coverage. To answer the question about the policy value increasing. If it is a whole life policy (which this probably is) it will mature for the face at the limiting/maturity age. The limiting age on older policies is likely to be 100 (but it could be any age, 95 for example) however the more recent mortality tables mature at 120. So the policy might not mature for the face until the insured is past 100. Funds may or may not be able to be left on deposit after maturity which, if they could, would increase the cash value by the crediting rate. One thing that is very important to consider is long term care. If the parents have a separate LTC policy this won’t be an issue but if they don’t you do want to consider this before surrendering. If this is a newer policy it could have an accelerated benefit rider that covers LTC. In closing I will reiterate what a previous manager would tell me: Read the policy form. It will list out surrender options.

fn_gpsguy

We don’t know your age, nor what your expected expenses in retirement will be. But, $1M with a SWR of 4%, would only yield $40k annually. Can you retire comfortably on that? I’ve been retired nearly six years and am still growing my retirement nest egg. Should I need LTC in the future, I should be able to an afford to live in a nice place.

CharacterBonus1397

Karthik Strategic Altcoin Reserve, buying 1000$ LTC+Doge every month, never selling, since 2021

CharacterBonus1397

Karthik Strategic Altcoin Reserve, started in 2021, buying 1000$(LTC+DOGE) every month for last 4 years and holding it forever

CharacterBonus1397

Karthik Strategic Altcoin Reserve, started in 2021, buying 1000$(LTC+DOGE) every month for last 4 years and holding it forever

Paulobetece

I don't know, i am confused because of the markets and maths so i'll buy crypto 30k LTC and 10k ETC meanwhile maybe...

DICK_STUCK_IN_COW

Money flowing from BTC to altcoins. It’s not a crash it’s money rotation and the signal that altcoin season is here. Get outta bitcoin and into things like ETH, SOL, LTC, DOGE, ADA etc.

Pizza_n_Tendies

Became part of the corn bag holders club. Bought some LTC for my "treasury reserve" last week. Couldn't afford to buy a whole BTC and I like buying whole things.

Icy_Money7447

Dotcom bubble was a bubble, but not perhaps as ominous as 2008 financial crash. A bunch of spec day traders getting burned is not nearly as bad as the whole housing bubble popping. I mean, I went through the whole thing and really it wasn’t nearly as bad as 2008. One thing, though. Dotcom bubble sadly set the stage for stock market bailouts with LTC debacle and Greenspan “fixing” it for them. True beginning of moral hazard and such. A canary in the coal mine for future bailouts, helicopter Ben, etc.

Sintzes

Unless if I missed something about her health, I would talk to the financial advisor about securing a ltc policy as she can likely find a really good benefit for her age. I wouldnt look for a conventional one, but more likely a hybrid that leans more into LTC side more than the life insurance side. Then let them manage the portfolio or do it yourself to save 1.5% if you feel comfortable doing that. Even if there are health problems there may be a company that can get her approved, just need to go with someone knowledge in that area. Also depends on the rules of the trust etc, but if thats the main goal it should probably be addressed or at least shopped around to see if it makes sense. Side note, if you have siblings or others that can nitpick how you manage the trust the fee might pay for itself on saved headaches

Watchtow2r

yes this is the Produkt I am looking at: [https://www.onemarkets.de/de/productpage.html/DE000UG6LTC7#chart-rescale](https://www.onemarkets.de/de/productpage.html/DE000UG6LTC7#chart-rescale)

yucatan36

I had BTC in the $3k range, 60,000 Ripple, tons of LTC, NIO options that would have hit $600k, NFT's that went into the 100,000s of thousands....I sold all these before they ran. I've missed out on a shit ton of money and there are way more examples of this actually. I'm well known in my friends group for great buys and horrible sells. The best part, I learned from it, so now I try and hold. And guess what, those go down and now I lose money. About all I can do is laugh about it. It does burn a bit, but you'll have more like this as well, potentially another win. I'm 40 and have had wins, loses and misses since like 18.

brokendefracul8R

I sold my 6 bitcoin, 30 ETH and over 100 LTC in 2017 and blew it all in Amsterdam. So yeah. don’t be us

Impossible-Drawing27

Most people still holding doge are probably sitting on a loss. It will go up, like 90% of them will. All crypto looks mean, but DOGE is one of the worst I can think of. XTZ, LTC, SOL, ETH, and BTC all are better options than DOGE. My personal favorite alt is MOG coin but I’m biased. TSLA is a green energy and ai superpower with massive hate from retail investors and large institutional investors. Anyone shorting Tesla is about to get sent to pound town. Been saying 410 on earnings for like 5 weeks now. I’ll be smacking September TSLL calls on Monday.

MaranathahAmen

MEI Pharma ($MEIP) - From failed shitco biotech to Litecoin ($LTC) treasury company https://www.businesswire.com/news/home/20250718252887/en/MEI-Pharma-Announces-%24100000000-Private-Placement-to-Initiate-Litecoin-Treasury-Strategy-Becoming-First-and-Only-Publicly-Traded-LTC-Holder-on-a-National-Exchange Been bagholding this turd for 4 years with cost basis ~$60 in the hope that it would develop a successful drug that would cure cancer. classic biotech storyline: management pumps the stock during ph1,2&3 of drug development, management and board votes and receives ESOP, management exercises and exits, drug fails to meet endpoints, stock craters, management dilutes to fund another failure…rinse&repeat. Hereafter, activists got involved (Anson Funds and Cable Car), blocked a merger with another failed shitco biotech (Infinity Pharma, that filed for chapter 11 bankruptcy in late 2023), stopped and wound down all drugs development, sold one drug asset to a promising failed shitco biotech (Aardvark Therapeutics), fired board members and elected new ones, declared a special dividend, cleaned balance sheet and launched a strategic review with Oppenheimer in July 2024 that lasted up until last Friday 18th. Last Friday, it announced that it would transition to become the first Litecoin ($LTC) treasury company, with Charlie Lee, founder of Litecoin, and GSR (leading digital and crypto currency market market maker) in a $100M PIPE with other investors. Also so-called the silver of bitcoin, Litecoin tends to be well suited to support small transactions and transfers as it is faster and cheaper than Bitcoin. Moreover, Litecoin liquidity seems better than that of bitcoin as there are more Litecoin in circulation. Finally, Litecoin stands as the cheapest of most major cryptocurrencies or maybe is it that most major cryptocurrencies are overvalued…

DontMindMe4057

Honestly, too much. 20% crypto (BTC, ETH, and LTC) and the rest is individual- a lot (too much) in tech. I have over 60 stocks- I wanted to “diversify my portfolio” which is the reason I’ve never completely tanked- but I’ve definitely timed a few things wrong and invested when a stock is still plummeting. It’s always leveled out for me and I’ve never realized a severe loss. I just wait AF and I’ve realized large gains several times. Back in 2021 at my ATH I took out $15k but RH charts don’t track that very well. Just me and these diamond hands 💎

Afistinthasky

I just hope it doesn't touch the LTC provisions. Those are paid by medicaid and not Medicare.

33NoBody33

Holy f LTC about to go up 30%

33NoBody33

LTC news just dropped

daviddjg0033

BTC started trading differently when the ETFs last year were launched. The hours are primarily now during the week - years ago I used to speculate hedge funds were buying over weekends to juice returns. There are other correlations - dollar (at least not dying dollar) and maybe liquidity. I don't trade altcoins (ETH or LTC are altcoins to me) but I wonder how much upside BTC has. Maybe we surpass 110,000 again.

PossibilityBright703

It’s a good question. Might be worth taking off the thread. I’ve been following their stock since before the drop and have been doubling down. I need more education on investing but my outlook is promising. The biggest thing to consider about success in LTC is census. PACS does this very well. I worked in 3 states and only one of them seemed to do alright, the other two states were meh on census growth. Ensign gets very cheap buildings to keep their rent low. PACS is more aggressive in their acquisition strategy. With the corrections to their Part B, it’ll be interesting to see how things play out. ENSG is very well run from the whole company perspective. They take extremely calculated risk, so they move slower. With PACS, their aggressiveness could end up hurting them if their census growth falters below what it is now.

Delicious-Proposal95

Not sure what happened to your comment but I was referring to a LTC policy for his wife. If healthy under 70 shouldn’t be a problem.

Critical-Werewolf-53

OP. Ignore all advice here. Find a professional. If you want LTC - you’ll need to get creative with your insurance options - they’re out there and doable. Set trusts now - so that if you don’t get LTC you can avoid the look back period for Medicare. Explore generating income for your wide given the base age difference. CDs and Bonds are ok at best - but you need better solutions tailored to what your wife and yourself need long term.

Critical-Werewolf-53

At his age LTC probably won’t underwrite him

CharacterBonus1397

i sold LTC and DOGE bag, for small loss, bought TQQQ with capital

R35Ryan

I did the exact thing in 2021. Bought LTC at the peak 😂. They had the same response. I guess $5k isn't worth their time and money to pursue

anygal

Honestly it depends on a lot of factors. Will they be able to penetrate other markets other than 'currently not on any drug LTC'? If not, how fast will they penetrate LTC and when will their growth start to slow, then plateau? I might sell in 2 years, I might hold on for 5. I definitely do not expect to sell it under a years length though, so yeah, short answer is that I expect to hold it somewhere between 1-5 years at least, maybe more.

OutrageousSpray1062

Not stock related but thought worth bringing up. There is this new betting app. It’s called Dabble. But they’re offering a free £10 bet for people who sign up using a referral code. Decent odds and you can follow profiles so it’s easier to copy bets. Fast withdrawals if you make anything from the free, just have to make sure you write in the code on sign up so you get it. Code: LTC https://click.dabble.co.uk/W8Pb/vqpakq7c

Vegetable-Double-378

You need to figure out your expected annual expenses(including taxes) in today’s dollars, apply a general rate for inflation, then extrapolate that out from your expected retirement age to death. Then, determine how much you would need to put away at a given return rate to meet that need through retirement. There are other variable (one-off expenses, LTC) but this will get you started.

anygal

In the US there are 7 million people who have Alzheimer's, in China there are 50 million. Obviously not all will take this drug, first they are shooting for the Long-Term Care market, where there are 3 million people with Alzheimer's in the US. It is covered by Medicare. In China there are roughly 33 million people with Alzheimer's in long-term care, but I have no idea if the chinese partner will target them or every chinese Alzheimer's. You could say that their TAM in the US market is 7 million, I'd say that first they will shoot for people in the LTC market who tried other drugs but couldn't tolerate the side-effects, so 1.5 million people.

CharacterBonus1397

cant belive!! BTC +6% -> LTC +1% BTC-3% -> LTC-20% Im getting frustated and trning into NAZII

CharacterBonus1397

Hot news at Crypto summit, BUY LTC before pump

CharacterBonus1397

BULL RUN for LTC, 500% up on the horizon

CharacterBonus1397

LTC value hasent changed since 2020 dec.... big bull run coming

CharacterBonus1397

mutherfuking LTC not moving since 2021, must be a bull signal

NoRutabaga7731

I think you should start with IUL, your background check saving, employment, marriages, or kids. So the broker agent can come up with better solutions with Long term care. And my best answer for you, IUL LTC, with global index. Higher protection, stay floor on .75, and up to 30% and give up 17% for lock.

Longjumping_Drop9450

I use the Fidelity online tools to model current portfolio including non Fido accounts and the Retirement Planner so my Fido advisor has a good overview and we can make better use of our meeting time. We meet a out once per year. This year we met 1 hr with an assistant and another hour with my advisor. It was very useful esp for my wife even though her accounts are not at Fido. The meeting dod include an annuity softsell. They have access to other products like LTC and Medicare Supplements, and Legacy planning. We met with the LTC guy and will schedule meetings with the others which are sales meeting for those services but should all be softsell presentations. I do believe some of their people can be pushy but I have not experienced that.

TimeTravelingChris

The only fast crypto like LTC basically have to circumvent the real time ledger and essentially have a settlement period. But if you are doing that you basically just created a debit card transaction with a lot more steps and still a lot slower.

Im_Still_Here12

Past 5 years?? I mined both LTC and BTC back in 2012 and still hold quite a bit. I made out alright... I still think it's nothing more than a storage of wealth. I don't see it taking off anytime soon as far as payments go. It's too cumbersome to use and there are no consumer fraud protections available like there are for credit card purchases.

Blackpaw8825

Our understanding at the time was that it would limit the reimbursement at the provider level. Which does nothing for the fact we're buying at whatever rate from our wholesaler. The inflation reduction act targeted the WAC/AWP of certain drugs, which both limited the wholesale cost and the retail caps, and the reimbursement. That's the way to do it. If you just cap Medicaid/Medicare reimbursement for things we're going to have to stop buying them (e.g. if you want to pay me $80 for a month of Eliquis that I'm still buying from Cardinal at roughly WAC rates, my options are to lose over $200 on that sale, or just stop selling it. If we stop selling it, then the LTC patients who would get it from us will be discharged to hospital, killing the hospital system and pushing the financial cost off to the hospital... Until you either kill somebody or you hit a provider who refuses to contract Medicare and Medicaid and can then legally service the patient without insurance demanding the higher rate.) Having written that parenthetical, this is a way to make Medicare useless isn't it? Make contacting with Medicare so unsustainable that we all drop Medicare, which kills the smaller providers by lost business, and the survivors kill Medicare because it's too useless for the poor and unusable by the wealthy.

UpDownLeftRightABLoL

Dividends are taxed as income. Unless it is a Return of Capital (your basis will go down), a qualified dividend (it was from a municipal bond or something), or if it's actually a distribution and is LTC gains or STC gains. If you really want to control the reported amount of income, you might want to consider a loss harvesting approach or having a withholding applied to your dividends.

Virtual_Seaweed7130

Not this post, look up my user on wsb I should have another DD for the LTC industry

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Upbeat-Fondant9185

I work in this field and despise how predatory it is, but I feel like this is a bit of a broad brush. It’s much more the state that ensures they end up with nothing, not the facilities themselves. The average cost for a decent facility in my area is about $250/day. That provides for all of their direct care and needs. Most people can’t pay that for years, so they need Medicaid. The state won’t let you use Medicaid unless you’re practically destitute, though there are loopholes that can be taken advantage of at least five years before application to preserve assets. It’s Medicaid that forces the sale of homes and property, and forces any assets to be directed toward care. Facilities don’t “take” them, the state does. There are times where facilities or services can collect on the estate if there’s an outstanding balance but that’s after the person passes away. What you’re describing with adjustments based on income is very much illegal. There’s even a documentary called Better Call Saul that touches on this issue and the ramifications for facilities that are caught doing it. I’m not saying it never happens but it’s not a common practice. At least not in nursing homes, I can’t speak for Assisted Living. Anyone with parents or other loved ones with assets who are approaching the age where a LTC facility may be a necessity should immediately meet with an attorney specializing in elder law and financial planning. There are trusts and other options that can shield their money and assets as long as it’s done at least five years before an application to Medicaid is needed. That way their assets and inheritance aren’t wiped out and they still get the care they need. My facility actually advises people how to protect their assets. Most people working in the field have no desire to see someone’s entire life wiped out and hate that this is the system we’re forced to work within. Unfortunately most of the folks this age continue to vote against their own interests and have for years. This is what they wanted.

ISpenz

Testa from Airbus is the lead of LTC in EU

GhostsinGlass

Heya, Ontarionion here. I'm not even going to sugar coat it. I look forward to war with your country, Yankee. If someone had told me a few months ago that bagging Americans like deer was going to by retirement plan I probably woulda had some hesitation about that notion. Now I view it through a lens of great eagerness. Dying old in a LTC facility didn't sound appealing anyway.

Tacoman404

1/3 of my reason to get my LTC was because guns hold value. Even when they can’t be exchanged for currency.

Ubuntufoo1

Finally getting my LTC (I'm in Mass.). Stocking up on some non perishables and water. Increase cash-on-hand. Ignoring the drama and focusing on my sphere of control.

-Indictment-

Robinhood perma banned my crypto account for sending $7 in LTC to pay for Mullvad VPN. Something I’ve done every month for about a year. 5 days later they perma banned my trading account. They said the only way to withdraw my positions is so liquidate them. And then request an ACH. Which of course is a major, fucking, taxable event.

LetterheadMelodic730

Pay off debt. Put remainder in a cashable GIC ladder for a year while you think, make plans and get advice. Properly,Set up your wills, POA, insurance, ADD, LTC etc See a fee only CFP and get clear understood independent advice before doing ANYTHING ELSE. One plan might be: Invest the rest with a market etf with minimal fees. Eg 750 at 6% for 20 yrs to retirement should yield 2.4 M$ that can generate an income of 96,000 per year safety. Maximize the use of TSFA AND RRSP accounts to hold your investments and maximize tax savings. Learn about all this stuff before doing it.