Still think self-funding is a smart strategy (see Boomer Behavior above)? Sure, if your boomer clients plan to retire to the sunny locales of Iowa and South Dakota. Those states take the top two spots in affordability in Genworth's annual long term care survey. Kansas, Nebraska and North Dakota round out the top five. Top cities include Kansas City, Baton Rouge and Little Rock; nice cities all, but hardly bastions of boomer retirement activity. Of course, in Florida, Arizona and similar states, prices rise precariously for obvious reasons — demand. Probably a good time to take a second look at traditionally-held biases against LTCI.
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