The Double-Edged Sword of Longevity: Rethinking Aging and Financial Security

Send us Fan MailOn this episode of The Get Ready Money Podcast, I spoke with Michael Banner, host of the 62WhoKnew Podcast, about the double-edged sword of longer lifespans—and what it means for how we plan, spend, and protect our financial futures.💡 Key Takeaways:🔹 Long-term care insurance can be a game-changer. 🔹 Relying on your kids as caregivers? It’s not a fair—or realistic—plan. 🔹 Longevity is a gift—but it comes with financial consequences many overlook.  🔹 Every family should have an aging plan and a real conversation about care.  🔹 Today’s reverse mortgages are often misunderstood—here’s what’s changed. 🔹 Money is deeply emotional—it’s not just about dollars, it’s about protection and peace of mind.Connect with Michael Banner:LinkedIn (here)Website: 62WhoKnew (here)Facebook (here)Podcast:62WhoKnew Podcast (YouTube)(Spotify)Resources mentioned:National Reverse Mortgage Lenders Association (NRMLA): (here)Bio: Michael Banner is the host and creator of the nationally recognized 62WhoKnew Podcast, a platform dedicated to helping Americans navigate the last 30 years of life with dignity, security, and purpose. With over 40 years of experience in the retirement planning industry, Michael is a trusted voice on critical topics such as long-term care insurance, financial independence, and the strategic use of home equity during retirement. His deep knowledge and engaging style have made him a highly sought-after national speaker, delivering continuing education and keynote presentations to professionals in the real estate, insurance, financial, and healthcare sectors.As a published author and long-time advocate for aging with quality of life, Michael draws from both professional expertise and personal experience—having served as a full-time caregiver to his father, a decorated WWII veteran, during the final year of his life. This journey helped shape the compassionate, insightful approach that defines the 62WhoKnew brand. Michael’s mission is clear: to empower the aging population and the professionals who serve them with the tools, knowledge, and resources to make informed decisions about their future.Support the showThe Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.