I’m joined again by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn where we educate you on how to determine how much long-term care insurance you may need, and what factors you should consider.

More specifically, Eileen and I discuss:

• Factors that influence the amount of long-term care insurance you may need
• How to find the cost of care in your area
• How to calculate your “Insurance Gap”
• Tax considerations when calculating your insurance needs
• How a professional can help you plan for long-term care

For helpful links to resources mentioned, visit the show notes at https://retiredishpodcast.com/20

Key moments in this episode are:



00:01:17 - Assessing Your Risk


00:05:50 - Pondering Your Preferences


00:09:06 - Crunching the Numbers


00:14:32 - Preparing for Long-Term Care


00:15:35 - Types of Care Required


00:17:06 - Cost Analysis


00:25:17 - Employer-Sponsored Plans


00:29:33 - Example of Long-Term Care Insurance Needs


00:32:09 - Insurance Gap


00:35:33 - Importance of Seeking Professional Advice


00:39:07 - Other Insurance Considerations


00:44:09 - Investing Risk


00:45:15 - Diversification and Portfolio Risk