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I recently moved my wife into a memory care facility. She does not have long term care insurance. I need to find a financial advisor who can help me arrange her retirement assets to pay for care and avoid getting wiped out in a stock market crash. I would prefer a fee-based certified financial advisor. I guess there is something called an "eldercare financial advisor" but I have searched for such in my area (Phoenix) and am not finding anything. That doesn't make sense since there are a lot of seniors around here so maybe I am searching wrong. Any advice?

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You don't need a financial advisor. You need (first) an eldercare attorney and you need to go to Bogleheads.org to learn how to simplify your portfolio.

If you REALLY want a Fee only FA, BH is also a good place for a recommendation.

What is your current asset allocation?
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We saw an eldercare atty several years ago when she was diagnosed.
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So, dryheat, when you consulted the eldercare attorney, what did s/he advise? Are your finances separated?

Are you looking at Medicaid placement for your wife?

Are your investments separate? If you (and she) have the right asset allocation for your age, then you should be able to sleep well at night (swan) with whatever AA you have determined is prudent.

If you have, say, a 30/70 AA, if the stock market declines by 50%, then you will be down no more than 15% of your assets. How are your assets invested currently?
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dryheat122 Oct 2019
The lawyer did not give financial advice. I'm not sure offhand what the allocation is, but probably closer to 50/50. I've determined that if I just cashed out her pension & 401k that will probably be enough given her likely longevity. However, I'm not very good at finance which is why I'd prefer to find an advisor.
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Dryheat, go to Bogleheads,org and post your question there. You'll get great opinions.
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