In this episode, we dive into the often-overlooked topic of self-funded long-term care. We share a compelling story that highlights the financial and emotional tolls of depending solely on personal savings for long-term care needs. We also discuss the risks associated with self-funding, including the potential for significant lifestyle changes and the impact on loved ones who may become caregivers.
Additionally, we cover the importance of long-term care insurance, not only as a means to pay for care but as a protective measure for your family. By sharing real-life scenarios, we underscore the necessity of planning ahead for long-term care, debunking the myth that "it won't happen to me" and providing the startling statistics that suggest otherwise.
Tune in to discover how proper planning can safeguard your assets and ensure peace of mind for you and your family. Join us every Friday at 3 PM EST on 103.9 L.I. News Radio for "The Main Street Code for Financial Success" with Neil Himmelstein of Main Street Planning Group.
Catch our episodes on YouTube, Spotify, & Apple Podcasts, and visit www.themainstreetcode.com for more insights into securing your financial future.