Tag: Long-Term Care Insurance

Finance expert David Phillips joins Suzanne to talk about how to anticipate the future by putting a finance plan in place to take advantage of factors that we can control, and account for risks such as longevity, running out of money, potential inflation, taxes, and the needs of long-term care.

Finance expert David Phillips joins Suzanne to talk about how a family owning a million-dollar home can downsize most effectively, maximizing their money for the future. He recommends investing some of the proceeds from the sale into an annuity with guaranteed income rider.

Finance expert David Phillips joins Suzanne to talk about finances in the face of a new downsizing trend among Baby Boomers. It's estimated that 54% of Baby Boomers in the U.S. will downsize and simplify their finances between 2024 and 2026. By 2030, Boomers will make up 35-40% of the country's population. David talks about how his firm helps people make choices during this process.

There are different ways you can remain solvent in your aging years, and there are techniques to maintain and preserve assets. Estate planning specialist David T. Phillips joins Suzanne to talk about the three types of leveraged care solutions and to provide an example of how they work.

According to AARP, 90% of Seniors would prefer to be cared for in their homes. What have seniors done to make sure this happens? Estate planning specialist David T. Phillips joins Suzanne to talk about long term care strategies to make sure you have care in your later life.

Most baby boomers haven’t planned for a long term care event, considering that only 1 in 30 have a long-term care policy and only 7% of adults over age 50 own any form of Long Term Care insurance. David T. Phillips joins Suzanne to talk about how to reposition our assets in order to have funds available for a long term care event.

David T. Phillips joins Suzanne to talk about a crisis in Long Term Care and how it is seriously negatively impacting Americans. Financial wellness is one of the 8 foundational principles of wellness featured on the Vitality Revolution podcast series sponsored by Humana.

Generally, until you cross into this world of needing to find options for care and housing for elders, it’s not something you think about,...

A big consideration in long-term care, whether it’s memory care or retirement living, is how in the world to fund it. Daphne Davis at...