#236 - Long Term Care with Guest Ben Veghte of Washington Cares Fund

Published: Oct. 23, 2021, 6 p.m.

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November 1st 2021 is the planned start date of a new\\xa0 .58% tax on income earned in Washington state , designed to pay for long-term care costs not covered by Medicare or health insurance.\\xa0 Is this a reasonable measure to address a growing concern for society?\\xa0 Or a poorly planned government overreach? \\xa0

In this episode of Open House, Eric and Reba get the low down from the director of the Washington Cares Fund, Benjamin Veghte Ph.D.\\xa0 Listen in for answers to questions like:

When will payouts begin?\\xa0 What are minimal qualifications for receiving benefits? Will Washington residents living in other states be eligible for payouts?\\xa0 Who is running the bureaucracy, and who are they accountable to?

Plus, a quick look at \\u201cboots\\u201d in the context of 1031 exchanges, and why does it currently make more sense to invest in property around the Puget Sound than property in Kansas?

It\\u2019s a lively look at a controversial policy, along with all the informative warmth and fun you\\u2019re accustomed to from your two favorite experts in real estate and financing on Open House with Team Reba.

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