Who will take care of you if you can’t take care of yourself in retirement? Most people say their spouse or their kids. In reality, only about 12% of spouses and 17% of children end up providing long-term care.

On this episode of The Retirement Risk Show, host Dave Hall explains one of the most expensive and least-planned-for risks retirees face: long-term care. You’ll learn how a long-term care event is defined (being unable to do 2 of the 6 Activities of Daily Living), what Medicare and Medicaid actually cover, and what happens to a surviving spouse’s finances when Medicaid becomes the plan.

Dave also compares the main ways to pay for care: self-insuring, traditional long-term care insurance, hybrid life/long-term care policies, and Life Insurance Retirement Plans (LIRPs). He includes real stories, such as a client whose premiums climbed to $37,000 a year, and explains why he plans to use a mix of approaches himself.

Learn more, access free webinars, or schedule a no-fee consultation at retirementriskadvisors.com.

Investment advisory services offered through AlphaStar Capital Management, LLC, an SEC registered investment advisor. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate the adviser has attained a particular level of skill or ability. Fixed insurance products are offered through Retirement Risk Advisors, and AlphaStar Capital Management is not involved with the offer, recommendation, sale, or management of commission-based fixed insurance products. AlphaStar Capital Management and Retirement Risk Advisors are separate and independent entities. This is for informational purposes only and is not intended as legal, tax, or investment advice or a recommendation of any particular security, investment product, or investment strategy.

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