Moving On Mama: Long-Term Care Planning

This episode further elucidates the macro-level impact of politics on your long-term care plan

This episode breaks down levels of wealth based on your investable assets, and why it is vital for you to invest in the services of a financial advisor to retain or maximize your wealth in the face of economic uncertainties

In light of current intraparty and interparty wrangling in Congress over social spending and how it should be paid for, this segment takes a look at Medicare v Eldercare, "a big issue finally resolved" in the words of  American attorney and Democratic politician,  Rep. Morris K. Udall, 2nd District of Arizona, from March 31, 1965.

In this episode, host Emalyn Glenn discusses the impact government ideology and policies has on human infrastructure spending, with emphasis on elder quality of care.  

Annuities specialist, Chauntelle Hardin, explains to listeners how annuities might fit into a long-term care plan.

This segment is a reminder to be thankful if you can afford to fund your long-term care plan. Remember, many others can't.

Financial Advisor, David Snyder, of Ameriprise Financial Services, LLC focuses on Options 1  and 2, Self-Funding and Long-Term Care Insurance, in long-term care planning. You will learn the pros and cons of each relevant to your long-term care plan

Health Savings Accounts and Trusts  round out the informational series on funding options for long-term care planning.  HSAs are predicated on employment; some 43% of companies offer them. The greatest benefit of HSAs, arguably, is their tax-advantaged status - which is great for those who self-fund long-term care expenses. The downside is out-of-pocket high deductibles in order to qualify for these plans.  Charitable  Remainder Trusts, where you can transfer your assets in exchange for income that you can draw from for a lifetime to pay for long-term care expenses, may be a good choice for those who don't have children or heirs. 

Long-Term Care Annuities is the focus here in your LTCP. The host reflects on Helen Reddy, whose anthem, "I Am Woman" touched a chord with so many Generation Jones women who were adolescents when this song came out. I Am Woman inspired the possibilities of "what could be" for all women along the spectrum.

We  examine Long-Term Care Life Insurance as a means for funding your LTCP. You will learn how this plan and its associated options work, along with advantages and disadvantages.