Partnership Plan Facts

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California Partnership Plan Facts

By |January 17, 2013|Categories: Uncategorized|Tags: , |

he other day I had a client ask two questions pertaining to the California Partnership Plan, which I had not previously been asked.  I found a contact at the CA State Partnership, (named Tracy, her number: 916-552-8990), who was able to answer these questions for us.

Q1) Can she and her husband reduce the inflation protection from 5% compound to 5% simple after they turn 70.

A: The State representative said it is acceptable to reduce the inflation protection after age 70, and retain the benefits of the Partnership Plan, but this would not be advised due to the added protection of[…]

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