Episode 36: LTC Insurance Is Like A Financial Seatbelt
Apr 21, 2023
Long-Term Care Insurance is often overlooked or purposely ignored in retirement planning. It shouldn’t be. Kelly Kelly dispels some myths in a discussion based upon excerpts from her book, “Retire Your Fear, Plan Your Future.”
Here are just a handful of the things that we'll discuss:
- Seven out of every ten Americans who reach age sixty-five will need long-term care of some kind.
- LTCI premiums count as medical expenses and may potentially be paid with special tax considerations.
- The burden of loved ones: 66 percent of caregivers use their personal assets like savings and retirement funds, to pay for a loved one’s care.
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