Monthly Archives October 2014

IRA’s Get Better in Indiana

IRA’s Get Better in Indiana Recent Medicaid rule changes have made IRA investments even more valuable for Hoosiers. As of June 1, 2014, IRA accounts (including 403b, Keogh accounts, and other tax-deferred accounts funded with pre-tax dollars) no longer count as assets if your spouse has to enter a nursing home! While no one wants to go to a nursing home, there are times when nursing home care is needed. With the cost of nursing home care at $6,000 a month on average in Indiana, few Hoosiers can afford to pay for their care for very long. Medicaid pays for
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Categories: Article, Elder Law, IRA, and Medicaid Planning.