Long-term care planning for Texas retirees

We evaluate self-funding, traditional LTC insurance, and hybrid solutions, then size benefits and budgets so potential care costs do not derail your retirement lifestyle across Austin, The Woodlands, Houston, Dallas, and San Antonio.

The Cost of Care

Prepare your plan for real-world costs

Care can be expensive, whether that means in-home help, assisted living, or a nursing facility. Rather than hope it never happens, we estimate potential costs and build a strategy so your retirement plan can handle a period of care if needed. Wealth Solutions guides families in Austin, The Woodlands, Houston, Dallas, San Antonio, and Corpus Christi so the financial side is ready while you focus on quality of life.

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Active management vs. passive

Why we choose active oversight

Index funds have a place, but retirees in Texas often benefit from active decisions that balance income needs with risk. We don’t chase every market move; we make informed adjustments to manage drawdowns and capture opportunity. This hands-on approach is led by Richard Blair and reflected in our proprietary funds as well as individual securities where appropriate.

From paperwork to portfolio in one plan

How the rollover works

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Review your accounts

We inventory plans and balances, including any 401(k), 403(b), SIMPLE, or governmental 457 assets, plus employer stock considerations.

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Compare options

Keep funds in the old plan, roll to a new employer plan, or move to an IRA. We outline costs, creditor protections, and flexibility.

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Choose IRA and investments

If an IRA is best, we set up the account and design an allocation that fits your broader plan.

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Handle the paperwork

We coordinate a trustee-to-trustee transfer to avoid withholding and the 60-day rule.

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Reinvest and align

Once assets arrive, we implement the strategy and connect it to your household plan in your client portal.

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Your Options

Compare self-funding, traditional policies, and hybrids

Self-insuring works for some households with higher assets. Traditional long-term care insurance reimburses qualified care for set limits and periods. Hybrid life or annuity policies with care riders provide benefits if you need care and a death benefit if you do not. We outline pros, cons, and costs so you can choose a path that fits your goals and comfort level. For related protection decisions, see Insurance & annuities.

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Our Recommendation Process

Personalized to your health, family, and budget

We discuss preferences for in-home vs facility care, family support, and asset protection for a spouse. We then price policies from multiple carriers, size benefits to your region, and confirm premiums fit your plan before making any commitment.

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Choosing a Policy

Design benefits that matter most

Key choices include daily benefit amounts, benefit periods, elimination periods, and inflation protection. Shared care options can let spouses draw from a combined pool. We balance meaningful coverage with affordable premiums and revisit the design as your needs change. When life insurance coordination could help, read about life insurance planning for integrated options.

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For Couples

Preserve income and assets for the healthy spouse

We often prioritize designs that help preserve retirement income and financial stability for the spouse who may remain at home. This can include shared pools, hybrid policies, or setting aside a specific reserve in your investment plan. To ensure income and withdrawals stay coordinated, review our retirement income planning approach.

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Give the right asset at the right time

Strategies for tax-smart giving

Gifting appreciated securities often beats cash since you avoid capital gains and still receive a deduction. We analyze lots with the highest gains, plan timing around your bracket, and align grants with your annual goals. For investment context, revisit investment management to see how gifting positions fits your portfolio.

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Frequently Asked Questions

Frequent Questions on Long-Term Care Planning

  • Do most people need long-term care?

    A significant percentage will need some level of care. We plan as if it could happen so you are prepared.

  • What if I buy coverage and never use it?

    That is a good health outcome. Hybrids can provide value either way, while traditional policies are pure insurance.

  • Does Medicare cover long-term care?

    Medicare may cover short rehabilitation stays but not ongoing custodial care. Planning ahead gives you more choice and control.