Hi Jan,
This week, I want to stay on the topic of long-term care, which is one of the more difficult and often overlooked risks in retirement planning.
We also just wrapped up our Retirement Income Challenge this week, and it was encouraging to see so many people take the time to work through their own plans. One of the themes that consistently comes up in those conversations is how to prepare for risks that are hard to predict but too important to ignore, and long-term care is a clear example of that.
In this week’s podcast episode, we continue working through the long-term care chapters from the Retirement Planning Guidebook, focusing on how these events actually unfold and what to watch for along the way. The article below builds on that discussion by outlining what long-term care is, how it is triggered, and why it can have such a significant impact on a retirement plan.
| | | | Managing Long-Term Care Risk in Retirement Caregiving rarely announces itself with a big moment. More often, it starts with small shifts. You offer to handle a parent’s prescriptions because the refill system “looks confusing.” You start attending doctor appointments to take notes and help make sense of the medical alphabet soup. Before long, you realize you are coordinating care, managing decisions, and carrying responsibilities that were never officially assigned to you.
By Retirement Researcher | | | | Caregiving Happens Quietly Until It Doesn’t That gradual shift catches many families off guard, and the role grows more complex as needs change. Whether the person you support is an aging parent, a spouse with a chronic condition, or a child with additional needs, the caregiving role is bigger and more complex than many expect. Understanding the responsibilities helps you prepare not only for your loved one's needs but also for your own well-being along the way.
By McLean Asset Management
| | | | What Actually Counts As Long-Term Care?
This week’s episode continues our walkthrough of the Retirement Planning Guidebook, with a focus on long-term care. We discuss what long-term care actually is, how it is defined, and what typically triggers the need for care. The conversation also explores how likely care needs are, how they evolve over time, and the different ways retirees may receive and fund care, from informal support to insurance and dedicated assets.
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