Health care is one of the biggest wild cards in retirement, and long term care costs can quietly threaten everything you have worked for. In this episode of The Lord and Richards Show, CEO Colin Richards and co-host Dylan Schoonover unpack how chronic illness, Medicare and Medicaid rules, and long term care expenses impact your retirement plan and how to use leverage and biblical wisdom to protect both your health and your wealth.

We cover:

• The difference between acute health events and chronic illness in retirement

• How Medicare and Medicaid really work for long term care and why Medicaid often requires spending down assets

• Why nursing home and skilled care costs can quickly reach six figures per year

• How chronic illness riders and Medicaid Asset Protection Trusts can help shield family wealth

• Using “other people’s money” through life insurance and annuity strategies to pay for future care

• When self-funding long term care might be realistic and when leverage makes more sense

• How proactive planning can free up resources for stem cell therapy, PRP, and other health-boosting treatments

• The critical role of powers of attorney, health care directives, and planning ahead so loved ones are not forced into crisis decisions

🎧 Tune in to learn how to align your health care plan with your values, protect your spouse and family, and build a retirement that supports both financial freedom and freedom of health.

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Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.