Long-term care is one of the most overlooked and potentially costly parts of retirement planning. In this episode of Retiring Today, we walk through what long-term care really means, the likelihood you or a loved one may need it, and the financial impact it can have on your retirement.

Most importantly, we introduce a modern approach to long-term care planning, a new way of thinking about how to prepare for these expenses without derailing your retirement.


Chapters
00:00 Introduction to Long-Term Care
00:34 What Qualifies as Long-Term Care
03:06 The Odds & Duration You'll Need Care
04:42 The True Cost of Long-Term Care
08:07 Why Longevity Changes the Plan
11:08 Medicare's Limits & Traditional LTC Insurance Problems
15:02 A Modern Approach to Long-Term Care
20:24 Sue's Example: Putting Numbers to the Plan
23:18 A Client Story: Finding Hope With Early Dementia
25:49 Building Your Personalized Plan
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Loren Merkle
CFP®, RICP®, Certified Financial Fiduciary®

AnnaMarie Morrow
Director of Medicare & Long-Term Care

Molly Nelson
Host of Retiring Today with Loren Merkle

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This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

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