Having a Plan When You Don’t Have Long-Term Care

Which long-term care funding strategy best aligns with your assets, retirement goals, and risk tolerance?In this episode, Trey and Yelisey explore how long-term care needs can dramatically impact retirement—financially, emotionally, and relationally. They explain why 70% of Americans will need some form of care and why failing to prepare can drain even strong retirement plans. They also walk through self-insuring, traditional insurance, and hybrid solutions to help you build a plan that protects both your finances and your family.What you’ll learn in this episode: (03:01) How unpredictable health events and expenses can destabilize even well-structured retirement projections.(05:28) What types of care exist beyond nursing homes. (08:07) How caregiving often falls on family members. (11:16) What activities of daily living (ADLs) are and why they determine whether a policy will pay benefits.(14:54) The true annual costs of long-term care today. (23:13) The three funding paths for long-term care are self-insuring, traditional long-term care (LTC) insurance, and hybrid or annuity-based solutions.(36:49) How to evaluate premiums, waiting periods, and payout structures when comparing long-term care solutions.Learn more about Trey C. Peterson, Yelisey Kuts, and All Things Financial: https://atfwealth.com Subscribe to the podcast: Apple Podcasts: https://podcasts.apple.com/us/podcast/id1728281696 Spotify: https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi YouTube: https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1 Trey C. Peterson and Yelisey Kuts provide an extensive level of knowledge and service in areas concerning retirement strategies, including tax strategy, investments, estate planning, life and long-term-care insurance, Social Security, and Medicare. A one-stop shop for all your retirement needs, visit https://atfwealth.com to learn more!Have questions about retirement planning or other financial topics? Email Yelisey and Trey, and your topic might be featured in a future episode! Don't forget to leave a review and share this podcast with anyone looking to boost their financial knowledge.Schedule a meeting with us: Trey C. Peterson: [email protected] Yelisey Kuts: [email protected] Phone: (612) 286-0580Contact us: https://atfwealth.com/contact-us Trey C. Peterson is a Retirement Planning Specialist with All Things Financial. Trey is a graduate of Oral Roberts University with a degree in Corporate Communication. He is currently pursuing his master’s degree in leadership. He is also a graduate of The National Institute of Christian Leadership.Yelisey Kuts is a Fiduciary Wealth Advisor with All Things Financial. He holds a master’s degree in business from Oral Roberts University. Aside from being a financial advisor, Yelisey has taught classes on a wide range of retirement topics since 2015. At All Things Financial, our mission is simple—help individuals and families create lasting financial freedom. We take a personalized, strategic approach to every plan, aligning it with your goals, values, and vision for the future. https://atfwealth.com This episode was produced by Story On Media: https://www.storyon.co/