Symphony Financial Services
Rick Willoughby, AWMA®, AAMS®

Calculators
Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.
Calculator: Print This Page
Long-Term Care Needs Calculator
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*The costs of long-term care vary widely. The national average cost of a semi-private room in a nursing home is approximately $205 per day (Source: The National Clearinghouse for Long-Term Care Information, 2011). Your estimated costs may be higher or lower depending on where you live and the care you need.

**Someone age 65 today will need long-term care services for 3 years, on average (Source: The National Clearinghouse for Long-Term Care Information, 2011).

***The Consumer Price Index (CPI) has a long-term average of approximately 3% annually over the past 20 years. (Source: U.S. Department of Labor Bureau of Statistics). However, long-term care costs have generally been rising faster than the general inflation rate.

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This calculator is designed to quicly estimate your potential future long-term care (LTC) costs, the future value of your current savings, and the gap between these two amounts--your unprotected LTC need. Simply enter an amount for each category listed, then click the calculate button for results.
Long-Term Care Needs Calculator Chart

Your total long-term care cost is $699,989. Your first year's long-term care cost is $131,846.*

The future value of your LTC savings fund immediately before your LTC need is $0. Your estimated unprotected LTC need is $699,989.



    Assumptions

  • *The estimated annual LTC cost reflects the first year only, not later years that are adjusted for inflation.
  • The calculation assumes earnings on savings are compounded monthly.
  • The future value of the current savings does not take into account the effect of federal or state income taxes.
  • This is a hypothetical example based on the input supplied and is not a guarantee of performance for any particular investment.
This long-term care needs calculator does not include every financial consideration or personal circumstance, and should be used only as a guide.

©2012 Broadridge Investor Communication Solutions, Inc. All rights reserved.
      



 
 
 

Rick Willoughby is a Registered Principal, Brice Willoughby is a Registered Representative both offering securities through Independent Financial Group, LLC, a registered broker-dealer. Rick Willoughby offers advisory services through Independent Financial Group, LLC, a registered broker-dealer and investment advisor.  Member FINRA and SIPC. Independent Financial Group, LLC and Symphony Financial Services, LLC are not affiliated. 15022 S 40th Pl Phoenix, AZ 85044  Mutual funds and Variable insurance are sold by prospectus only and not available in all states. For complete information on sales charges, expenses and risks read all prospectuses carefully before investing. This does not represent the performance of any investment, past or present nor does it reflect surrender charges or possible tax penalties which would lower performance. 529 Plans are subject to fees and expenses. and a plan outside of your state may result in the loss of state tax benefits. Withdrawals made for any  reason except education expenses may be subject to state and federal income tax and a  10% federal tax penalty. Tax-deferred accumulations may be subject to ordinary income taxes. Early withdrawals may be subject to surrender charges and a 10% federal income tax penalty. Licensed to sell securities in AZ, CA, GA, NV, OR,TN and WA. This material was created by Forefield to provide basic information on the subjects covered.  The services of a tax, legal or financial professional should be sought regarding your individual situation and what investments are appropriate for you. For tax information go to www.irs.gov .



This communication is strictly intended for individuals residing in the state(s) of AZ, CO, GA, TN and WA. No offers may be made or accepted from any resident outside the specific states referenced.