{
  "id": 3304261,
  "title": "How to invest money for long-term care",
  "url": "https://urgent.news/2026/08/25/how-to-invest-money-for-long-term-care",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T16:02:04.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91595657/long-term-care-best-way-invest-money"
  },
  "original_language": "en",
  "account": "Investing funds for long-term care expenses requires careful consideration of where to allocate them tax-wise. While a health savings account (HSA) allows for tax-free withdrawals for qualified healthcare expenses, its annual contribution limits may hinder significant growth for older individuals nearing retirement. Additionally, the tax benefits of HSAs could be counteracted by high deductions for long-term care expenses in the same year. Transferring long-term care expenses to a traditional IRA could provide a tax advantage, as withdrawals from these accounts are taxable, but the medical expense deduction can offset some of the taxes owed. However, the money must be taken out of the account eventually, and long-term care costs are incurred later in life when required minimum distributions begin. As such, investing in a growth-oriented portfolio with equities is suggested, transitioning towards more conservative investments like bonds and cash as the need for long-term care becomes more likely.",
  "summary": "I’ve written about how to decide how much to set aside for long-term care expenses for people who have decided to forgo insurance. But where and how should those funds be invested ? Where to invest for long-term care You don’t have to maintain a separate account for your long-term care fund, but you do need to let your loved ones know of its existence. The question is, which account makes the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}