I got a call in yesterday from a man who says his wife is slipping mentally and may end up in a nursing home within a year.
She has $108K in an IRA in her name. He called to see if we could store that in an annuity to protect the assets from all going to the nursing home and the state of Il.
I'm familiar with the five year look back rule, but I'm not sure about other ins and outs of Medicaid.
He has an additional $54k in joint NQ money he wants to put into Mutual Funds. He also has an IRA of his own worth $134K that he wants in an annuity as well.
If I can find something that works for hi
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She has $108K in an IRA in her name. He called to see if we could store that in an annuity to protect the assets from all going to the nursing home and the state of Il.
I'm familiar with the five year look back rule, but I'm not sure about other ins and outs of Medicaid.
He has an additional $54k in joint NQ money he wants to put into Mutual Funds. He also has an IRA of his own worth $134K that he wants in an annuity as well.
If I can find something that works for hi
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