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Longevity and the impact on LTC and Social Security

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Longevity and the impact on LTC and

Social Security

 

MODERATOR

Michael  Zmistowski

 

 Chairman  

 

Financial  Planning  Associa-on  of  Florida  

PANELISTS

David  Leonardi,  MD

 

   Founder      

Leonardi  Ins-tute  

 

 

 

Phil  Walker

 

 

 Vice  President,    

             

 Financial  Advisor  Programs  

 

 Urban  Financial  of  America  

 

 

 William  Meyer  

   Founder  &  CEO  

   

Social  Security  Solu=ons  

 

 SSanalyzer.com  

(2)

Aging,  Long  Term  Care  and  Biochemistry

 

Agenda  

The  problem:  long  term  care  cost  

The  poten=al  solu=on:  extend  the  

vitality  curve  

How?  Address  the  

causes  of  aging  

Example:  Effect  on  coronary  heart  disease  

Extending  the  curve:  major  components  

225  Union  Blvd.  Ste  400,  Lakewood,  CO  

(3)

Save Dollars And Lives: Extend the Vitality Curve

 

Vitality Curve

-20 0 20 40 60 80 100 120 0 10 20 30 40 50 60 70 80 90 100 Age Vi ta lity

(4)

4  

Glyca=on,  Oxida=ve  Stress,  Energy  

Deple=on,  Inflamma=on  

Aging,  Long  Term  Care  and  Biochemistry  

Alzheimer’s  

Heart  Disease  

(5)

225  Union  Blvd.  Ste  400,  Lakewood,  CO  80228  

5  

Aging  

Glyca=on  

Oxida=ve  Stress  

DegeneraJve  

Disease  

Inflamma=on  

Reduced  Cell  

(6)

225  Union  Blvd.  Ste  400,  Lakewood,  CO  

80228   6  

Reversing  Heart  Disease  

Bulle=n:  

 

The  disease  that  kills  28%  of  us…  

 

…is  now  REVERSIBLE!    

(7)

Extending  the  Vitality  Curve  

Major  Components

 

•  Keep  blood  sugar  low  24/7  

•  Avoid  environmental  exposure  of  pro-­‐oxidant  substances  

•  Enjoy  daily  exercise  and  make  it  vigorous  several  =mes  a  week.  

–  Net  an=oxidant  effect  

–  Disease  protec=ve  proteins  

–  Maintains  mitochondrial  func=on  

–  Helps  maintain  youthful  hormone  levels  

•  Supplement  low  hormone  levels  when  the  =me  comes  

•  Measure  and  modify  all  known  disease  risk  markers  

•  Targeted  nutri=onal  supplementa=on  

•  NicoJnamide  Riboside  (Niagen):  125mg,  1-­‐2  capsules  twice  a  day.  Mimics  

the  biochemical  pathways  of  caloric  restric=on.  

225  Union  Blvd.  Ste  400,  Lakewood,  CO  

(8)

Longevity and the impact on LTC and

Social Security

 

MODERATOR

Michael  Zmistowski

 

 Chairman  

 

Financial  Planning  Associa-on  of  Florida  

PANELISTS

David  Leonardi,  MD

 

   Founder      

Leonardi  Ins-tute  

 

 

 

Phil  Walker

 

 

 Vice  President,    

             

 Financial  Advisor  Programs  

 

 Urban  Financial  of  America  

 

 

 William  Meyer  

   Founder  &  CEO  

   

Social  Security  Solu=ons  

 

 SSanalyzer.com  

(9)

1944

1979

1996

2020

9  

Baby  Food  

InflaJon  Era  

Roaring  90’s  

Senior  Care  

©  2014  Urban  Financial  of  America,  LLC  

(10)

Chances  of  Needing  Long  Term  Care  (LTC)  

“58%  of  men  and  79%  of  women  will  require  

some  form  of  long  term  care  in  their  life=me”  

-­‐-­‐  Na=onal  Insurance  Ins=tute  

Average  cost  of  Nursing  Home  Care:    

$94,000  

–  Source:  Mass  Mutual,  2006,  hkp://www.massmutual.com/mmfg/pdf/nursing_home_cost.pdf  

(Not  including  therapy,  rehabilita=on  or  

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Life  Events  

Medicare  pays  100%  LTC  for  first  20  days*  

101

st

 day  on  is  100%  Private  Pay  

Protect  your  financial  plan!  

Parents  need  a  Senior  Care  Strategy  

 

*If  followed  by  a  long-­‐term  hospital  stay  

11  

50

60

70

Age

40

Paying  for  

Kids    

TuiJon    

$30,000/Year  

Target  

ReJrement  

Date

 

Paying  for  

Kids    

Wedding    

$35,000  

“Plan  for  the  worst,  and  hope  fo

r  

the  best”  

 

$300,000  based  on  

1

 parent  in  full  

=me  convalescent  care.      Average  

stay  of  3  years.  

 

Some  of  this  cost  could  be  defrayed  

by  parent’s  income,  but  how  many  

parent’s  are  there???  

Husband’s     Parents

     

 Wife’s     Parents

     

70%  will  require  some   form  of  care

 

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The  

Journal of Financial Planning

recently  published  a  study,  “Re=rement  Trends,   Current  Monetary  Policy,  and  the  Reverse  Mortgage   Market”  

 

Conclusion:  

“Current  and  future  re=rees  face  a  series  of  

challenges  that  will  have  a  significant  impact  on  their   life  in  re=rement.”  

 

“…lack  of  planning  and  unrealis=c  expecta=ons  about  future  costs  of  basic  health  care  and  long-­‐

term  care  will  place  many  re=rees  in  an  untenable  financial  posi=on.”    

“Current  and  future  re=rees  need  to  re-­‐examine  their  views  and  consider  including  a  reverse   mortgage  as  a  part  of  their  re=rement  plan.”    

Source:  hkp://www.onefpa.org/journal/Pages/MAR14-­‐Re=rement-­‐Trends,-­‐Current-­‐Monetary-­‐Policy,-­‐and-­‐the-­‐Reverse-­‐Mortgage-­‐Market.aspx  

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Reverse  Mortgage  

Example  2:  

Borrower  Age:  70  

Home  Value:  $328,000  

Balance  owed:  $0  

Cash  at  Close:    $102,729  

Addi=onal  arer  1  year:  $68,486  

 

               Illustra=on  is  for  educa=onal  purposes  only  and  assumes  a  borrower  age  70  who  resides  in  CA,  financed  fees  in  the   amount  of  $10,600.95,  an  adjustable  ini=al  interest  rate  of  2.670%  .  Note:  Rates  may  increase  for  adjustable  rate   loans.  Rate  quote  generated  on  12/11/13.  Rates  are  subject  to  change.  Contact  a  UFA  Reverse  Mortgage  Consultant   to  obtain  a  proposal.

 

(14)

• 

The  Parents  

 

 

 

 

 

Not  a  burden  

Quality  of  care  

Estate  preserved  

Your  Client  

 

 

 

  • 

Improved  Financial  

Plan  

• 

Inheritance  secured  

• 

Plan  more  secure  

You

 

• 

Beker  Plans  

• 

LTC  commission/  

insurance  

produc=on  credits  

• 

New  poten=al  assets  

• 

Parents  

• 

Siblings  

(15)

Longevity and the impact on LTC and

Social Security

 

 

 

 

William  Meyer  

   

Founder  &  CEO  

   

Social  Security  Solu=ons  

   SSanalyzer.com  

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(17)

Cumulative Lifetime Benefits

if begun at 62 (early), 66 (FRA) and 70 (Recommended)

17

In this example, the difference between early and recommended is

$198,000 based on a PIA of $2,000 with a life expectancy of 95.

(18)

Your clients underestimate their life expectancy

©Social Security Solutions, Inc. www.SSAnalyzer.com 866 762-PLAN

(19)

The  Social  Security  

Zone….  

 

www.SSanalyzer.com/Zone

 

to  download  whitepaper  

19  

(20)
(21)

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th

,  you  will  receive  our  Social  

Security  Zone

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