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Asset Protection and Long-term Care Planning


More of us are living longer, so protecting assets and planning for long-term care are essential pieces of your Financial Confidence Plan. We will help you find strategies to diversify your retirement assets among a variety of vehicles — including a mix of both insurance products and retirement programs, depending on what is appropriate for your situation.

When it comes to long-term care, you need a diverse plan to prepare for any situation. As we age, medical or long-term care expenses often increase — sometimes dramatically. Annuities and insurance products can provide supplemental income in retirement and preserve against stock market losses.

We are constantly researching to customizing plans to avoid penalties under Medicaid’s “Five Year Lookback” rule. Our team will provide you with a variety of options, including:

  • Medicaid-Compliant Single Premium Immediate Annuities (SPIAs) – This type of SPIA can help provide financial protection for your spouse if he or she needs extensive care.

  • Trusts – Provided by elder law attorneys we work closely with at an affordable cost for our clients, these trusts help shelter wealth from look-back periods and avoid the worry of probate and more.

DISCLAIMER: Mass Wealth Management has a strategic partnership with tax professionals and attorneys who can provide tax and/or legal advice.
Guarantees and protections provided by insurance products, including annuities, are backed by the financial strength and claims-paying ability of the issuing insurance carrier.