I am 69 and DW is 67. I currently have a LTC insurance policy that pays $200/day. DW does not have insurance. We currently have about 60K in a Schwab Growth ETF (SCHG) taxable account that is "earmarked" for her LTC if needed apart from our 65/35 portfolio. I know I could just keep SCHG as part of our overall portfolio and use funds from wherever (even our IRAs) to pay for LTC if needed, but I think it's more of a psychological thing for me knowing about how much we have for LTC. Nothing of course is guaranteed but averages state she might need care starting in her early eighties. If SCHG grows at only 6% (conservative, but again, a big if) there will be close to $150K in the account in 15 years. Our house is paid off and currently worth about 400K so we could tap that equity also if needed. My question is, based on the time horizon, do you think I should keep only SCHG for now and maybe in 10 or 12 years start to shift into a bond etf, or should I add an intermediate bond fund now (maybe 10-20%) like BND or SCHP for a little less volatility. I know LTC is a tricky subject so any thoughts on my plan are appreciated, even if you you think the plan is way off base. I am certainly open to any other suggestions. Thanks in advance.
Statistics: Posted by drspine — Wed Dec 04, 2024 9:31 am — Replies 0 — Views 12