Coronavirus and Protection Of Assets For Long Term Care

The outbreak and spread of the coronavirus has caused a bit of a panic in the market in recent weeks. We'll talk about how these events should affect your investments, short-term and long-term. We'll also take a look into some important strategies for protecting your assets from the state if you were to move into a nursing home.

 

2:40- How the market has reacted to the coronavirus and the history behind similar events.

3:39- There is going to be increased volatility during this time in the market, Matt explains how your investments are affected.

6:40- Markets go down, but it is important to not let fear drive financial decisions. 

9:02- What needs to be done to protect assets for long term care. 

9:58- Tings to consider before finding care and protecting assets.

12:15- Not all financial assets are the same, which means they need to be protected in different ways.

16:43- Matt explains the look back period the government uses when you start moving assets to other vehicles of ownership.