If you’re wondering where to put money you need in the next few years, it’s easy – high yield savings accounts, certificates of deposit, etc. Safe, low yield, liquid.
But what if you need to invest for longer term needs, such as long-term care expenses? You don’t know if you’ll need them in five years or ten. Or fifteen. The day will come, but you aren’t sure when.
Where and How to Invest Your Long-Term-Care ‘Bucket’ [Morningstar] – “The question is, which account makes the most sense, from a tax perspective, as a receptacle for out-of-pocket long-term-care costs?”