It's easy to get confused about long term care vs. long term disability. And without being prepared, you could be setting yourself up for financial disaster at the worst possible time: your senior years.
But don't worry! Today I'm here to clarify. And I’ll explain why long term care coverage is something you should think about, unless you want a huge risk hanging over your head, during your retirement years.
Listen now.
Show highlights include:
- The difference between long term care and long term disability. (1:05)
- Who should get long term care, and the best time to do it. (1:12)
- Two massive reasons to secure long term care coverage before you turn 65. (1:25)
- “Best case scenario” combination of coverage to prepare you for retirement and beyond. (1:32)
- The six daily activities that matter most for long term care coverage, and why lacking the ability to do just two of them is enough for benefits to kick in. (2:52)
- Unexpected reason saving a million dollars for retirement could still put you at risk of bankruptcy. (4:47)
- Terrifying truth of how expensive medical care is. These real world horror stories show why long term care coverage makes sense. (6:13)
- Medicaid Myth: Why you don't really want Medicaid to pay for your assisted living. (8:31)
- Beware of the in-law suite. Why your plan to live with your kids when you're old might not work out the way you think it will. (10:12)
- What to do when even Infinite Banking can't give you a big enough safety net. (11:25)
Reach out to me:
