In this episode of the Building Wealthy Habits podcast by TriCord Advisors, we dive deep into the crucial topic of long-term care. Join us as we explore the average costs, essential strategies for preparing, and the significant impact of health on long-term care expenses. We'll also discuss the evolving dynamics of caregiving, the importance of family conversations, and the challenges of funding care. Learn about the options available, including long-term care insurance and how to create a comprehensive estate and financial plan to secure your future. Don't miss this vital discussion for anyone looking to protect their wealth and well-being.
In this episode:
00:00 Introduction
00:58 Overview of Long-Term Care
03:26 Statistics and Trends in Long-Term Care
08:22 The Challenges of Caregiving
14:05 Average Costs of Long-Term Care
17:13 Preparing for Long-Term Care
18:23 Long-Term Care Insurance and Estate Planning
22:02 The Impact of Health on Long-Term Care Costs
23:41 Take action
Reach out at contact@tricordadvisors.com
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadvisors.com
