John (Caller)

I just retired at age 63.

I have health insurance and a severance, sort of an early retirement thing until I hit 64.

But the questions I have, and I can answer questions you have with regards to our portfolio, but do we need long-term care insurance?

If so, how do I fund it?

And then also your thoughts on maybe taking a pension that I have that I can take as a lump sum.

and putting some of that into an annuity to offset the market.

Never considered that before.

And to your point on some of the previous calls, don't want to make any fear-based decisions, especially on the LTC case.

So we welcome your insight.

Yes, I'm 63.

My wife is 60.

and uh that sounded like a lot of money till and then they're mad at the nursing home like the nursing home did something wrong and so you don't want to do that so what's your net worth john uh net worth is 4.2 million i would self-insure okay and just it's funny you say that because i was thinking based on our you know i've been following you a long time and helped us tremendously over the years but

We did meet with an advisor that had recommended one of these insurance products, and it made no sense to me because as I look at it, what you were paying for that would be $20,000 a year for my wife and I. The long-term care piece that came with the insurance really wouldn't be enough to cover more than six months.

I'm glad you cleared up.

Any feedback or any suggestions on where that would come from?

Because, of course, the market's declining now.

Right now, I don't have to dip into the portfolio.

Well, I'd have to pull from my investments now.

Whoopie.

Okay.