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What To Consider About Long-Term Care
Episode 13829th December 2021 • Secure Your Retirement • Radon Stancil, CFP® & Murs Tariq, CFP®
00:00:00 00:23:49

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Is long-term care something you’re thinking about or a conversation you’re having with your loved ones? It is important that you know all the risks involved and the options you have when it comes to long-term care.

You have to keep in mind that long-term care, be it nursing homes or assisted care living is very expensive.

In this episode of the Secure Your Retirement podcast, we talk about long-term care as part of your retirement financial plan. We cover your options from self-insuring to traditional long-term care insurance and the best viable one for you.

In this episode, find out:

  • The big ANNOUNCEMENT on continuing to offer you value.
  • The long-term questions you need to understand options for.
  • Understanding how the basic numbers are, for nursing homes and assisted care living.
  • Self-insure – funding your long-term care and taking life insurance so you don’t take away from your children.
  • Traditional long-term care insurance – why most people are not looking into it plus some hybrid policies options you can look into.
  • The process we use to help clients have the long-term care conversation and the potential risks.

Tweetable Quotes:

  • “It’s really optimal if you’re paying life insurance premium because in reality, if you’re going to leave money behind, it’s actually the greatest way to leave money behind because the beneficiaries get all of the death benefit 100% tax-free.”- Radon Stancil
  • “What we’re doing in our plans in every situation is all based on your numbers, goals, and scenarios.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.