Long-term care funding is a topic most people want to avoid until it’s too late. The costs of assisted living, nursing homes, or in-home care can wipe out years of savings. While financial planners offer traditional solutions, some clients look for alternative tactics that might raise an eyebrow—or spark outright disapproval. These strategies can be risky, controversial, or simply less than ideal, but they’re out there. Understanding the pros and cons of these long-term care funding options can help you make informed choices, even if your planner cringes at the mention of them.
This article explores ten such tactics. Some are creative, some are contentious, and most come with trade-offs. If you’re thinking outside the box for long-term care funding, here’s what your planner might not tell you—or might wish you didn’t ask.
