Long Term Care Series, Part #3: How to Determine How Much Long-Term Care Insurance You Need, with Eileen Dunn

I'm joined again by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn where we educate you on how to determine how much long-term care insurance you may need, and what factors you should consider. More specifically, Eileen and I discuss: Factors that influence the amount of long-term care insurance you may need How to find the cost of care in your area How to calculate your "Insurance Gap" Tax considerations when calculating your insurance needs How a professional can help you plan for long-term care For helpful links to resources mentioned, visit the show notes at https://retiredishpodcast.com/20 Key moments in this episode are: 

00:01:17 - Assessing Your Risk
 00:05:50 - Pondering Your Preferences
 00:09:06 - Crunching the Numbers
 00:14:32 - Preparing for Long-Term Care 
00:15:35 - Types of Care Required
 00:17:06 - Cost Analysis
 00:25:17 - Employer-Sponsored Plans
 00:29:33 - Example of Long-Term Care Insurance Needs
 00:32:09 - Insurance Gap
 00:35:33 - Importance of Seeking Professional Advice
 00:39:07 - Other Insurance Considerations 
00:44:09 - Investing Risk
 00:45:15 - Diversification and Portfolio Risk