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Preparing For Tomorrow podcast

May 17, 2022

When life takes a turn, and our health prevents us from buying insurance to leverage our long term care expenses, everything is complicated for everyone we love.  It's so important to plan early and reduce the financial, physical and emotional stress for ourselves and our whole family.  Having a plan for when...


May 10, 2022

This week is a case study and shows how, by waiting, we significantly reduce the amount of LTC benefits we can obtain when they will be most needed.  Diane shares typical premiums for a 31 year old and a 51 year old, and the corresponding benefits.  Would you rather have $840,000 or $2,200,000 to pay for care?  Would...


May 3, 2022

This week, our 31 year old son asked when he should be adding LTC coverage to his retirement plan.  Diane shares things to consider when planning to be sure you can both qualify and afford LTC insurance.  11 states are working on creating a mandatory LTC tax.  As of today, it looks like the only way to avoid the tax is...


Apr 26, 2022

Most people state they don't want to burden their children with long term care needs like bathing, dressing and going to the bathroom, but they too often don't consider the financial burdens that go along with that.  Affluent people often believe that they don't need to discuss LTC needs because they have enough...


Apr 19, 2022

The Setting Everyone Up for Retirement Enhancement (SECURE) Act was put into effect in 2020.  It delays our RMDs on IRAs until age 72 (yay!), but it also requires most inherited IRAs to be fully liquidated within 10 years rather than allowing us to stretch withdrawals over our own lifetimes.  Listen and learn how...