The True Cost Of Long Term Care
Long-term care is a topic that often gets swept under the rug, but it is such a critical part of retirement planning. In this week’s episode, Charles and Marc discuss an article from Investment News that highlights some interesting statistics and misconceptions surrounding long-term care. Did you know that three out of four people will require some form of long-term care in their lifetime? Despite this, only a small percentage actually have long-term care insurance.
Charles explains how many people mistakenly confuse long-term care insurance with other types of coverage, like disability or health insurance, which can lead to expensive consequences later on. Join us as we explore the realities of long-term care needs and share practical advice on how to approach this important topic with your financial advisor.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:09 – Long-term care misconceptions
5:22 – Average length of long-term care
8:13 – The importance of long-term care discussions
11:31 – Listener question about financial involvement
Article from Investment News
Have questions about any of the topics we covered in today's podcast? Reach out to me at 480-513-1830, or schedule a call via my calendar.