A recent article in Financial Advisor IQ discusses the role single-premium immediate annuities (SPIAs) can play in preserving wealth when one spouse is nursing home-bound.
Acorn advisor, John Ryan, is quoted in the article outlining caveats when buying SPIAs, specifically in regard to the importance of correct beneficiary designations. Read the full article titled “Medicaid Annuities Offer FAs Long-Term-Care Tools” here.
