October 03, 2024

Financial Planning Essentials for Later in Life (Ep.29)

35 minutes

How well have you prepared for unexpected expenses later in life?

John and Alex Soutos discuss the financial considerations and challenges that come with major life events such as divorce and managing declining health. They emphasize the importance of being financially prepared for these events, including the cost of legal advice and proceedings in divorce cases, the need for long-term care insurance, and the impact of declining health on financial stability.

John and Alex discuss:

How much protection can a prenuptial agreement provide?

What is the best way to proceed upon marital breakdown?

What financial and interpersonal challenges can arise with a second marriage, and why is it important to plan and communicate expectations?

Why is it crucial to consider long-term care insurance to cover the potential costs of managing declining health?

How can proactive financial planning, including the use of insurance, help mitigate the financial risks associated with major life events?

And more

Connect with Med-Wealth Financial Services:

Med-Wealth Financial Services

LinkedIn: John Soutsos

LinkedIn: Alex Soutsos

LinkedIn: Med-Wealth Financial Services