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Don’t Be Foolish About Long Term Care (4/1/23)

27:54 -(4-1-23) Long term Care is a hot topic, with lots of twists and turns. This is The One Topic about which we regularly receive lots of questions. Danny and Rich go through the basics and some of the details about Long Term Care costs, coverages, and concerns.

0:00 - Intro/Disclaimer/Agenda
2:12 - What is Long Term Care?
3:20 - What Qualifies as Long Term Care?
5:48 - Long Term Care Realities
9:10 - RIA's Financial Guardrails for LTC
14:14 - Types of Long Term Care
17:54 - What Your Long Term Care will look like
19:24 - The Expense of Long Term Care
22:15 - Payment Option Misperceptions
24:54 - Why Medicare May Not Be a Realistic Solution
26:23 - What If You Don't Plan for LTC?
27:54 - LTC is Likely to be Informal/Unpaid
29:00 - LTC Cost Planning
33:10 - How to Get Started
36:32 - LTC Cost Assessment
37:49 - Comparing Indemnity & Reimbursement Plans
41:55 - How we can assist
Q&A:
How old is too old for acquiring LTC?
How does a Hybrid Plan for LTC work?
What About Pre-existing Conditions?
Is it wise to self-insure?
Can you use a HSA for LTC premiums?
Can you incorporate SEP IRA and ROTH IRA into life insurance plan?
What insurance policy is right for you?
Hosted by RIA Advisors' Director of Financial Planning, Richard Rosso, CFP, w Senior Advisor, Danny Ratliff, CFP.
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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