KJE.LongTermCareSavingsCalc=function(){this.SAVING_FREQUENCY=KJE.Default.PAY_SELECTIONS[3];this.NBR_PERIODS=KJE.Default.PAY_INDEX[3];this.DS_CURRENT=null;this.DS_NEW=null;this.cats=null;this.MSG_CHANGE_NOTAX=KJE.parameters.set("MSG_CHANGE_NOTAX","

To save enough for your care in LTC_BEGINS years:

");this.MSG_EXCEED=KJE.parameters.set("MSG_EXCEED","Your care savings goal may be reached early.");this.MSG_FAIL=KJE.parameters.set("MSG_FAIL","You need to make a few changes in care savings.");this.MSG_MADE=KJE.parameters.set("MSG_MADE","Your care savings goal is right on track.");this.sSchedule=new KJE.Repeating()};KJE.LongTermCareSavingsCalc.prototype.clear=function(){this.CURRENT_AGE=0;this.LTC_BEGINS=0;this.LTC_YEARS=0;this.INFLATION_RATE=0;this.AMT_CURRENT=0;this.AMT_SAVE_MONTH=0;this.ROR_INVEST=0;this.OTHER_AMOUNT=0};KJE.LongTermCareSavingsCalc.prototype.calculate=function(l){var j=this.AMOUNT_PER_YEAR;var f=KJE;var e=this.ROR_INVEST;var o=this.ROR_MONTHLY_PERC=KJE.ROR_PERIOD(e/100,this.NBR_PERIODS);var b=this.INFLATION_RATE/100;var m=KJE.FV_AMT(b,this.LTC_BEGINS,j)*this.LTC_YEARS;var k=this.LTC_BEGINS;var n=this.AMT_CURRENT;var d=this.AMT_SAVE_MONTH;var a=this.LTC_BEGINS*this.NBR_PERIODS;var c=KJE.LongTermCareSavingsCalc.solveForCurrentAmt(m,n,o,a,d);var p=KJE.LongTermCareSavingsCalc.solveForSaveAmt(m,n,o,a,0);this.AMT_SAVED_FOR_LTC=KJE.FV_AMT(o,a,n)+KJE.FV_BEGIN(o,a,d);this.DS_NEW=KJE.FloatArray(this.LTC_BEGINS+1);this.DS_TARGET=KJE.FloatArray(this.LTC_BEGINS+1);this.sCats=new Array(this.LTC_BEGINS+1);if(l){var g=this.sSchedule;g.clearRepeat();g.addHeader(g.sReportCol("Year",1),g.sReportCol("Contribute",2)+" "+f.dollars(d)+" "+g.sReportCol(this.SAVING_FREQUENCY+"",3),g.sReportCol("Contribute",2)+" "+f.dollars(p,2)+" "+g.sReportCol(this.SAVING_FREQUENCY+"",3));g.addRepeat(" ",f.dollars(n)+" "+g.sReportCol("Starting Balance",4)+" ",f.dollars(n)+" "+g.sReportCol("Starting Balance",4)+" ")}for(var h=0;h<=this.LTC_BEGINS;h++){this.DS_NEW[h]=KJE.FV_AMT(o,h*this.NBR_PERIODS,n)+KJE.FV_BEGIN(o,h*this.NBR_PERIODS,d);this.DS_TARGET[h]=m;this.sCats[h]=""+h}this.AMT_TARGET=m;this.LTC_BEGINS=k;this.MONTHS_BF_TARGET=a;this.RQD_CURRENT=c;this.RQD_SAVE_MONTH=p;this.SAVING_FREQUENCY_LOWER=this.SAVING_FREQUENCY.toLowerCase();this.AMOUNT_PER_YEAR=j};KJE.LongTermCareSavingsCalc.prototype.formatReport=function(a){a.replace("CHANGE_MSG",this.CHANGE_MSG);a.replace("RETIREMENT_LOCATION",(this.RETIREMENT_LOCATION_DESC?this.RETIREMENT_LOCATION_DESC:""));a.age("CURRENT_AGE",this.CURRENT_AGE);a.number("LTC_BEGINS",this.LTC_BEGINS);a.year("LTC_YEARS",this.LTC_YEARS);a.dollars("LTC_YEARS",this.LTC_YEARS);a.returnRate("ROR_INVEST",this.ROR_INVEST/100);a.inflationRate("INFLATION_RATE",this.INFLATION_RATE/100);a.returnRate("ROR_MONTHLY_PERC",this.ROR_MONTHLY_PERC);a.dollars("RQD_CURRENT",this.RQD_CURRENT);a.dollars("AMT_SAVE_MONTH",this.AMT_SAVE_MONTH);a.dollars("AMT_CURRENT",this.AMT_CURRENT);a.dollars("AMOUNT_PER_YEAR",this.AMOUNT_PER_YEAR);a.dollars("RQD_SAVE_MONTH",this.RQD_SAVE_MONTH);a.dollars("AMT_TARGET",this.AMT_TARGET);a.number("NBR_PERIODS",this.NBR_PERIODS);a.replace("SAVING_FREQUENCY_LOWER",this.SAVING_FREQUENCY_LOWER);a.replace("SAVING_FREQUENCY",this.SAVING_FREQUENCY);a.dollars("AMT_SAVED_FOR_LTC",this.AMT_SAVED_FOR_LTC);a.replace("**REPEATING GROUP**",this.sSchedule.getRepeat())};KJE.LongTermCareSavingsCalc.prototype.solveAmtAtYear=function(a,b){return KJE.FV_AMT(this.ROR_MONTHLY_PERC,a*this.NBR_PERIODS,this.AMT_CURRENT)+KJE.FV_BEGIN(this.ROR_MONTHLY_PERC,a*this.NBR_PERIODS,b)};KJE.LongTermCareSavingsCalc.solveForMonths=function(a,b,g,d,e){d=1000/2;var f=1000/4;for(var c=0;c<30;c++){if(this.ifTargetGreater(a,b,g,d,e)){d+=f}else{d-=f}f=f/2}return d};KJE.LongTermCareSavingsCalc.solveForCurrentAmt=function(a,b,g,d,e){b=10000000/2;var f=10000000/4;for(var c=0;c<30;c++){if(KJE.LongTermCareSavingsCalc.ifTargetGreater(a,b,g,d,e)){b+=f}else{b-=f}f=f/2}return b};KJE.LongTermCareSavingsCalc.solveForSaveAmt=function(a,b,g,d,e){e=100000/2;var f=100000/4;for(var c=0;c<30;c++){if(KJE.LongTermCareSavingsCalc.ifTargetGreater(a,b,g,d,e)){e+=f}else{e-=f}f=f/2}return e};KJE.LongTermCareSavingsCalc.solveForROR=function(a,b,g,d,e){g=0.3/2;var f=g/2;for(var c=0;c<50;c++){if(KJE.LongTermCareSavingsCalc.ifTargetGreater(a,b,g,d,e)){g+=f}else{g-=f}f=f/2}return g};KJE.LongTermCareSavingsCalc.ifTargetGreater=function(a,b,e,c,d){return(a>KJE.FV_AMT(e,c,b)+KJE.FV_BEGIN(e,c,d))};KJE.LongTermCareSavingsCalc.ifTargetSmaller=function(a,b,e,c,d){return(a
Your long-term care begins in
Estimated number of years before your long-term care needs begin.
Years of long-term care
Estimated number of years you expect to need long-term care coverage.
Estimated annual inflation rate
What you expect for the average long-term inflation rate for long-term care costs.
Amount currently allocated
Total you currently have saved toward your long-term care needs. This should not include other savings that you will need to fund your retirement, living expenses or other savings needs. Only include money specifically allocated to your long-term care needs.
Monthly savings
Enter how much could you afford to put away monthly towards your long-term care costs. This calculator also assumes that you make your contribution at the beginning of each month.
Estimated rate of return
This is the annually compounded rate of return you expect from your investments. For the purposes of this calculator, taxation is not factored into the results. If you pay taxes on the interest, dividends or capital gains from these investments, you may wish to enter your after-tax rate of return. **ROR_DEFINITION**
All applications are subject to the underwriting requirements of Thrivent Financial for Lutherans. A medical exam may be required. Premiums are not guaranteed to remain unchanged, except during the first five contract years. Any changes to premium rates will apply to all similar contracts issued in your state to contract owners in the same class on the same contract form. This means you cannot be singled out for an increase because of advancing age, changes in your health, claim status or any other reason solely related to you. Long-term care insurance may not cover all of the costs associated with long-term care. You are advised to review your contract carefully. The contract has exclusions, limitations, reductions in benefits and terms under which the contract may be continued in force or discontinued. Contract provisions and maximum monthly benefits may vary by state. For costs and complete details of coverage, contact your Thrivent Financial representative.
";KJE.ReportText='

Estimate of Long-Term Care

In LTC_BEGINS years, your current savings plan could provide AMT_SAVED_FOR_LTC for your long-term care needs. The projected cost at that time for LTC_YEARS years of care in RETIREMENT_LOCATION is AMT_TARGET. This assumes INFLATION_RATE inflation and a current annual cost of AMOUNT_PER_YEAR for a semi-private room in a nursing home. To fully fund your projected long-term care expenses would require saving RQD_SAVE_MONTH per month in addition to your current savings of AMT_CURRENT. **GRAPH**
Result Summary
Your current ageCURRENT_AGE
Where you plan to retireRETIREMENT_LOCATION
Your long-term care begins inLTC_BEGINS
Years of long-term careLTC_YEARS
Long-term care inflation rate INFLATION_RATE
Amount currently allocatedAMT_CURRENT
Monthly savingsAMT_SAVE_MONTH per month
Expected rate of returnROR_INVEST
Money you will have saved over timeAMT_SAVED_FOR_LTC
Projected cost of long-term care in LTC_BEGINS yearsAMT_TARGET
Total monthly savings needed to fund your long-term careRQD_SAVE_MONTH
'; // 12/31/2024 Copyright 2024 KJE Computer Solutions, Inc. Licensed for use on www.thrivent.com cms.qa2.thrivent.psdops.com qa.thrivent.psdops.com qa2.thrivent.psdops.com qa3.thrivent.psdops.com uat.thrivent.psdops.com prod.thrivent.psdops.com cms.qa.thrivent.psdops.com cms.qa2.thrivent.psdops.com cms.qa3.thrivent.psdops.com cms.uat.thrivent.psdops.com cms.prod.thrivent.psdops.com