Navigating Retirement and Long Term Care: Insights & Advisor Q&A [Video]

Pauline Field, a retirement coach, interviews Jim Better, a specialist in long-term care insurance, discussing critical aspects of preparing for retirement and the importance of long-term care planning. They cover the financial, health, and logistical considerations that come with retirement, including when to retire, how to stay healthy, and the challenges of needing care in later years. Jim shares personal stories and professional insights on the devastating financial impact of unprepared long-term care needs and offers detailed advice on long-term care insurance, highlighting its significance, costs, and options available to individuals. The conversation also addresses audience questions on various related topics, such as the benefits of hybrid long-term care and life insurance policies, the process of securing insurance, and strategies for asset management in anticipation of care needs.
00:00 Introduction to Retirement Planning with Pauline Field
01:11 The Importance of Financial Security in Retirement
04:32 Jim’s Personal Journey into Long Term Care Insurance
07:06 Understanding Long Term Care Insurance
08:38 The Real Costs of Long Term Care
11:31 Navigating Insurance Policies and Costs
16:25 Addressing Common Concerns and Questions
19:07 Exploring Title Lock and Real Estate Protections
20:29 Navigating Estate and Legal Concerns
21:52 Exploring Long-Term Care Insurance Options
22:03 Understanding Policy Types and Benefits
24:49 Addressing Age and Health in Insurance Eligibility
27:12 Mitigating Risks of Insurance Declination
28:55 Tax Implications and Benefits of Long-Term Care Insurance
30:50 Navigating Medical History and Insurance Eligibility
34:23 Hybrid Policies: Combining Life Insurance with Long-Term Care
37:08 Estate Planning and Asset Management for Long-Term Care
39:33 Concluding Thoughts and Resources