Planning Matters Radio

4 Ways to Address Long-Term Care and Medical Expenses in Retirement


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The Countdown to Retirement continues! Listen to this: according to Fidelity, the average 65-year-old couple will need nearly $315,000 for healthcare in retirement, not including long-term care. But as Peter with Richon Planning and Erin Kennedy discuss, long-term care, isn't a "maybe" it's likely; 7 out of ten people will need long-term care at some point, and it's not covered by Medicare. Here are your options:   1. Traditional Long-Term Care Insurance 2. Linked Benefits 3. Self-Insure 4. Become a Dependent   Of course, certain options are better than others. But determining what's right for you, can be difficult.   If you'd like to find out which option is best for you, download “The Countdown to Retirement”—a guide that challenges conventional wisdom and helps you craft a plan that safeguards your lifestyle, comfort, and peace of mind. And don't forget to check out the other videos in this special series, as we Countdown to Retirement! Visit www.RichonPlanning.com, or call Peter at (919) 300-5886.
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Planning Matters RadioBy Richon Planning

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