Long-Term Care Explained: What It Costs, Who Needs It, and How to Plan

Long-term care refers to the services you may need if you can no longer perform basic daily activities like bathing, dressing, or moving around your home. In this episode, Ryan explains what activities of daily living are and why around 70% of people will need some form of long-term care in retirement, often triggered by a fall, a diagnosis, or a rapid health decline that arrives with little warning.He covers the three main options for handling this: buying long-term care insurance, self-insuring if you have enough wealth, or relying on Medicaid if your assets are limited. The episode explains how to think about which option fits your situation and what questions to ask an insurance professional before making a decision. Because LTC insurance policies vary significantly, consult a licensed insurance professional before purchasing any policy.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!