#297 - Long-Term Care Planning: Helping Clients Navigate Risk, Cost, and Coverage

Host Chris Boyd is joined by Russ Ball and Luke Bagley for a conversation about one of the biggest financial risks facing retirees: the rising cost of long-term care. Long-term care can have a significant impact on retirement savings, but deciding how to prepare for those expenses is not always straightforward. Chris, Russ, and Luke break down the options families should understand and the financial considerations that can help shape a long-term care strategy. They discuss: · The growing cost of long-term care and its potential impact on retirement. · How traditional long-term care insurance works, including qualification requirements, benefit triggers, elimination periods, premium increases, and inflation protection. · The pros and cons of hybrid life insurance and annuity-based long-term care solutions. · When self-funding long-term care expenses may make sense. · How long-term care planning can help protect retirement assets and preserve a financial legacy. And much more. Whether you are preparing for retirement, already retired, or helping aging parents make financial decisions, this conversation highlights why long-term care deserves a place in the retirement planning process. #LongTermCare #RetirementPlanning #FinancialPlanning #WealthManagement #EstatePlanning #RiskManagement #RetirementStrategy #LegacyPlanning