On the list of dozens of retirement-related concerns, how high on the list does the potential need for long-term care rank for you? If you live long enough, chances are you will need extra medical help, and those expenses can add up quickly. On today’s show, we’ll share some questions you should consider when deciding whether you need long-term care insurance.
For example, how realistic is it for you to self-insure against long-term care expenses? Is long-term care insurance a good investment for you? What are the pros and cons? As always, we’re here to share our insights and answer these questions for you. If you have additional questions about retirement or investing, feel free to reach out to us for help.
Here’s some of what you’ll learn in this episode:
- Who needs long-term care insurance? (1:00)
- How realistic is it to self-insure against long-term care expenses? (2:05)
- Mailbag: It is common for children to help parents with long-term care? (5:53)
Thanks for listening! We’ll be back for another show every other Thursday.