How can you build wealth through real estate, protect it with the right insurance strategies, and prepare for the possibility of long-term care? In this special three-part conversation on Answers for Elders Radio, host Suzanne Newman welcomes Cory Boldroff, a certified senior real estate planner and head of the senior planning division at Axon Realty, for a wide-ranging discussion about protecting your financial future while planning for the realities of aging.
Cory begins by explaining how real estate can play a role in building and transferring wealth, including concepts such as appreciation, leverage, cash flow, tax advantages, diversification, and strategies for passing a family home or other real estate to the next generation. The conversation then turns to insurance and the ways life insurance may fit into a broader wealth-protection and legacy strategy. Suzanne and Cory discuss life insurance, trusts, life insurance settlements, long-term care riders and living benefits, as well as the changing challenges of homeowners insurance.
Finally, the conversation tackles one of the most important issues families often postpone: long-term care planning. Cory shares practical ideas for aging safely at home, from grab bars and better lighting to reducing fall hazards and planning for future home modifications. They also discuss senior living communities, home care, Medicare and Medicaid considerations, the five-year lookback period, reverse mortgages, and using home equity as part of a larger care strategy.
Whether you're a senior planning for your own future or an adult child helping an aging parent, this episode offers an important reminder: **don't wait for a crisis to make decisions about your home, your finances, or your care.** The more you understand your options in advance, the more choices you may have when the time comes.
Episode Chapters
00:00 – Building Wealth Through Real Estate
00:41 – Why Your Home Can Be a Powerful Financial Asset
04:03 – Five Ways Real Estate Can Build Wealth
05:07 – Using Leverage to Grow Your Real Estate Portfolio
06:17 – Real Estate Tax Benefits, Depreciation & Cash Flow
08:16 – Diversifying Your Real Estate Investments
10:01 – Helping Adult Children Build & Inherit Wealth
13:11 – Building Wealth vs. Flipping Houses
15:11 – What Should You Do With Inherited Real Estate?
17:17 – Helping Younger Generations Become Homeowners
22:22 – Protecting Wealth Through Life Insurance
23:53 – Life Insurance & Generational Wealth
28:17 – Life Insurance Settlements: An Overlooked Option
30:30 – Life Insurance & Long-Term Care Benefits
34:11 – Homeowners Insurance & Protecting Your Property
37:20 – Planning Ahead for Long-Term Care
39:25 – Aging in Place: Is Your Home Ready?
40:58 – Creating a Long-Term Care & Crisis Plan
43:06 – Medicare, Medicaid & Paying for Care
47:18 – Using Your Assets to Fund Long-Term Care
47:54 – Reverse Mortgages & Aging in Place
50:16 – Why Long-Term Care Planning Should Start Now
Connect with Cory Boldroff
💠The Complete Real Estate group website: 👉 https://thecompleterealestategroup.com/
💠Complete Senior Solutions website: 👉 https://www.completeseniorsolutions.com/
💠Facebook personal: 👉 https://www.facebook.com/profile.php?id=1368470168
💠The Real Estate Planner website: 👉 https://www.facebook.com/IamYourRealEstatePlanner/
💠The complete senior transition on Facebook: 👉 https://www.facebook.com/profile.php?id=61572609107661
💠Instagram: 👉 https://www.instagram.com/corybyourreplanner/
💠YouTube: 👉 https://www.youtube.com/@TheRealEstatePlanner
✨ Subscribe to Answers for Elders for expert advice on senior care, estate planning, caregiving, retirement, healthy aging, and navigating life's biggest transitions with confidence.
💠Website: 👉 https://answersforelders.com/
💠Answers for Elders Podcasts: 👉 https://www.youtube.com/watch?v=7cGK67V8FFc&list=PLG0uokyjqq7DcX4US45BDh3kdK1H71FRY
💠Aging in Place Checklist: 👉https://answersforelders.com/aging-in-place-checklists/
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Mentioned in this episode:
Care & Connections
Bee Organized
Vinyard Park
