Related Posts
Bain & Company Hi! Anyone at Bain & Company willing to provide referrals to the London office? PhD background in bioengineering, currently at a life science boutique (ClearView, Health Advances, Trinity, Putnam etc) with a interest in the healthcare PE practice. Happy to send resume over to see whether it’s a good fit, thanks!
What's next after healthcare for you all?
More Posts
Bain & Company Hi! Anyone at Bain & Company willing to provide referrals to the London office? PhD background in bioengineering, currently at a life science boutique (ClearView, Health Advances, Trinity, Putnam etc) with a interest in the healthcare PE practice. Happy to send resume over to see whether it’s a good fit, thanks!
New to Fishbowl?
unlock all discussions on Fishbowl.



Brent Donarski: 630.217.5157 is the guy I went through.
I don’t, but was reading about it and other retirement strategies yesterday on Morningstar. They say that there are very few companies that offer it anymore. I think there was something offered by my previous FT employer through Met life but it’s kind of a joke because is no one left there over 50, so why buy it if they’ll lay you off long before you need it. Lol.
They said if you want to self fund a couple years put aside a separate account based on current nursing rents in your area plus inflation. Then you have to also consider the cost of living for a surviving spouse. Dreary subject but good to try to plan.
I only have $30k in IRAs saved. Pathetic, I know. So I applied for long term care insurance through an insurance broker (dude has been doing this for 30 years). He searched the insurance companies offering long term care insurance (via a pull down menu while we did a screenshare) and I chose the one company that lets you get unlimited forever (National Guardian Life). I chose the "10 pay" option. I will pay $15k per year for the next 10 years (about $15k all in). Then I am done paying. I will be 59 years old at that point, and will be covered for up to $9k per month for the rest of my life. I will be able to use it for at-home care, skilled nursing home or assisted living home...any kind of licensed care. Yeah, I will still have to save more bc likely it will cost more than $9k per month, but at least I will have that.
So basically, if I stay healthy for 10 more years, and use it for at least two years, I will get back what I paid in. Even considering if instead, I stash that $15k/year into high interest savings account interest rate of 5%, I would only get $7500 in interest in ten years. So still, it's worth it.
Sounds to good. What are the conditions for using it? If you live 20 years will they really cover 9k a month for 20 years on 150k investment? I’m not great with math so maybe I missed something.
Yes. Sounds great, right?