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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.

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Long-Term Care Needs Calculator
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*The costs of long-term care vary widely. Your estimated costs may be higher or lower depending on where you live and the care you need. Refer to the U.S. Department of Health and Human Services site (www.longtermcare.gov) for estimates on the average cost of nursing home care for each state.

**How long you may need care depends on many factors including your age, health, gender, and where you live. You can get more information from the U.S. Department of Health and Human Services site (www.longtermcare.gov).

***The cost of long-term care is rising. While the annual increase in the cost of long-term care depends on many factors, for reference, most long-term care insurance policies offer simple or compound inflation protection options of between 1% and 5% per year.

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This calculator is designed to quickly 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 in the year before your LTC expenses are incurred 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.

©2017 Broadridge Investor Communication Solutions, Inc. All rights reserved.
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 Michael D. Krost is a Registered Representative of and offers securities products & services through Royal Alliance Associates, Inc. Member FINRA/SIPC, a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of AL; GA; IN; TN; PA; OR; OK; OH; NY; NM; NJ; NE; WA; VA; TX; NC; MO; MD; MI; MA; LA; KY; KS; IL; FL; AZ; CA; DE; CO; AR. No offers may be made or accepted from any resident outside the specific state(s) referenced.

Michael D. Krost Individual is also separately registered as an investment adviser representative under MDK Financial Group, Inc., a registered investment advisor, not affiliated with Royal Alliance Associates, offering advisory services in the state(s) of AL; GA; IN; TN; PA; OR; OK; OH; NY; NM; NJ; NE; WA; VA; TX; NC; MO; MD; MI; MA; LA; KY; KS; IL; FL; AZ; CA; DE; CO; AR in which the RIA is registered. As such, these services are strictly intended for individuals residing in state(s) where MDK Financial Group.


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For information concerning the licensing status or disciplinary history of broker-dealer, investment adviser, BD agent, or IA rep, a consumer should contact his or her state securities law administrator.


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