It’s a brand new weekly theme here on the One Minute Retirement Tip, and this week we’re talking about long-term care. What it is, why you’ll want to give it some serious thought as you transition into retirement, and how you can protect yourself if you ever need to pay for long-term care.

My hope is that you’ll come away from this week’s tips better informed about long-term care, and be able to answer a very important question: Should you buy long-term care insurance to protect yourself in retirement? It’s an important question to answer, especially if you’re in your 50s.

Because if you’re going to buy long-term care insurance, that’s the time to do it. If you wait until you’re older or if you’re not in good health when you buy long-term care insurance, the premiums skyrocket.

Before we go any further this week, I want you to know that while I used to be licensed to sell long-term care insurance and I know a lot about it, I don’t actually have a dog in this fight. I gave up my license and ability to sell long-term care insurance when we started our firm, True North.  

Hopefully that will help you trust that what I’m going to share with you this week is my honest opinion that doesn’t come with a sales pitch attached.

That’s it for today. Thanks for listening!

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My name is Ashley Micciche...and this is the One Minute Retirement Tip.

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