You’ve saved for retirement. You’ve followed the plan. But what happens if a long-term care need enters the picture, and threatens to unravel everything?

In this special “You Asked” episode of Make It Personal, we’re answering a heartfelt question from listener Barb: “If we’ve done the right things and saved enough, could long-term care still drain our retirement savings?” It’s a question more and more families are asking, and one you can’t afford to ignore.

We explore why long-term care costs are rising sharply, with private nursing home care topping $120,000 per year, and how those expenses can derail even the most well-funded retirement plans. But the good news? You’re not powerless. We walk through practical, real-life strategies that can help protect your financial future while still offering the care your family might one day need.

From traditional long-term care insurance to hybrid options that blend protection with flexibility, this episode is about building a plan that doesn’t just assume the best, but prepares for the unexpected.

Key Takeaways:

→ Long-term care costs can significantly impact retirement savings, especially without a plan.

→ LTC insurance can act as a safety net, helping you cover care without draining your nest egg.

→ Hybrid policies (life insurance or annuities with LTC riders) offer flexible options for dual protection.

→ Partial self-funding can be part of a balanced strategy, reducing the need for full insurance.

→ Ongoing conversations with your spouse and advisor keep your plan current as life evolves.

“Even if you’ve done everything right, a long-term care event can stretch savings fast, unless you plan ahead.”

💡 Have your own question? Email us at [email protected] and don’t forget to subscribe and share this episode with someone who’s thinking ahead about their retirement future. Because peace of mind starts with a plan.

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Investing involves risk, including loss of principal. 

This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions.  Strategies discussed may not be suitable for everyone.   Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.