EP5: Planning for Future Care as You Age

Brad Breeding returns to discuss planning for future care as aging becomes a reality. He discusses what long-term care is and who needs it. Brad also provides practical guidance for planning and budgeting for future long-term care expenses in retirement.Brad worked as a financial advisor for 12 years before becoming a financial planner. While doing this, he saw that older people and their families needed help with senior living choices. So, he created a website called myLifeSite.net. It helps people make smart decisions about senior living.In this episode, they talk about:What is long-term care, and who needs long-term careThe needs and eligibilities of long-term careStatistics on people who will need long-term care planningClarification on whether long-term care is given at home or in facilitiesTypical duration of a person's stay in long-term careThe cost of long-term care and how it varies across different types of care and locationsThe costs of long-term care in a Life Plan communityMemorable Quotes:"We're all aging at this point. So planning for future care is a really important topic for us." "The reality is that people of any age can need long term care whether it's a result of a disability or an accident." Resources:myLifeSite Website: https://mylifesite.net/ Brad Breeding on LinkedIn: https://www.linkedin.com/in/bradbreeding1/ Find out more about Vi Living at our Website: https://www.viliving.com/  Hosted on Acast. See acast.com/privacy for more information.