Flordia Regulations on Roth, 401k etc.
My understanding is that money in 401K's, Sep IRA'S, Roths and annuities are safe from being attached by nursing homes, long term care facilities etc. I want to make sure that the money that I have earned and saved goes to my heirs and not to nursing homes, doctors, etc. Is there a certain amount of time that this money has to be in these types of accounts for it to be safe? Is it safe? and what if any other types of accounts can this money be put into and how long does it need to be there prior to any long term care? What are Flordia regulations on this? I have some time to transfer some of it into Roths and whatever as I am 60 and my wife and I have been retired for three years. My finincial advisor doesn't know Flordia law or how it would effect my holdings. His suggestion was to ask an attorney who would be more familiar with Flordia law. I don't want to tie it up in a long term annuities. I would like the money to be axcessible just in case it is needed. Thank you very much for your time and help. Glen
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