That is a very nice LTC benefit, is she receiving social security at all? The big concern is the large amount sitting in cash and even intermediate bonds will protect you considerably if rates go down.
Assuming the LTC benefit would jump from 50k to 100k if she needed the highest level of care and rent would go from 96k to 190k, there's a 44k "gap" to pay for in the budget which could easily be paid by switching ~950k to 1MM of SWVXX to a bond index fund. Not quite sure what risk tolerance you're shooting for and I'm not accounting for taxes, but a 30 stock / 70 bond allocation is probably the most conservative I would get. The size of the active funds in the taxable account aren't really big enough for capital gains considerations and I would just start the whole portfolio over.
Assuming the LTC benefit would jump from 50k to 100k if she needed the highest level of care and rent would go from 96k to 190k, there's a 44k "gap" to pay for in the budget which could easily be paid by switching ~950k to 1MM of SWVXX to a bond index fund. Not quite sure what risk tolerance you're shooting for and I'm not accounting for taxes, but a 30 stock / 70 bond allocation is probably the most conservative I would get. The size of the active funds in the taxable account aren't really big enough for capital gains considerations and I would just start the whole portfolio over.
Statistics: Posted by tarantula13 — Sat Jan 25, 2025 8:44 pm — Replies 1 — Views 145