The True Cost Of Long Term Care

Long-term care is a topic that often gets swept under the rug, but it is such a critical part of retirement planning. In this week’s episode, Charles and Marc discuss an article from Investment News that highlights some interesting statistics and misconceptions surrounding long-term care. Did you know that three out of four people will require some form of long-term care in their lifetime? Despite this, only a small percentage actually have long-term care insurance. Charles explains how many people mistakenly confuse long-term care insurance with other types of coverage, like disability or health insurance, which can lead to expensive consequences later on. Join us as we explore the realities of long-term care needs and share practical advice on how to approach this important topic with your financial advisor.   Here’s some of what we discuss in this episode: 0:00 – Intro 1:09 – Long-term care misconceptions 5:22 – Average length of long-term care 8:13 – The importance of long-term care discussions 11:31 – Listener question about financial involvement   Resources for this episode: Article from Investment News https://digitaledition.investmentnews.com/articles/draining-the-pool-of-confusion-surrounding-long-term-care-insurance   Contact: Phone Number: 480-513-1830 Website: https://pelletoncapital.com/ YouTube: https://www.youtube.com/@PelletonCapitalManagement