A Minimalist Approach to Long-Term Care: 3 Options Worth Considering

In this important discussion, we focus on "long term care awareness", especially relevant during Long-Term Care Awareness Month. We examine the critical aspects of "long term care" and effective "financial planning" strategies that align with a minimalist approach to "personal finance". Learn practical insights on "how to save money", drawing from a thoughtful, careful spending philosophy.

PS. Asset-based long-term care combines care coverage with savings or life insurance, so you don’t risk wasting premiums if you never need care.

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⏱ TIMESTAMPS
0:00 Why Long-Term Care Awareness Month Matters
0:33 A Minimalist’s Approach to Spending and Protection
0:59 Why People Dislike Traditional Long-Term Care Insurance
1:22 How Long-Term Care Fits Into Your Charted Retirement Course
1:43 When a $6,000/Month Care Bill Hits Your Retirement Plan
2:16 The Impact on Spouses, Adult Children, and Family Caregiving
2:58 Option #1: Traditional Long-Term Care Insurance — Main Drawbacks
3:18 Option #2: Life Insurance with a Long-Term Care Rider — How It Works
4:18 Option #3: Asset-Based Long-Term Care — “One-and-Done” Strategy
4:48 Protecting Your Plan and Loved Ones — Why This Conversation Matters
5:18 Final Thoughts, How to Get Help, and “You Don’t Have to Work Longer” Reminder

Advisory services are offered through CD Financial LLC dba CD Financial, an Investment Advisor in the State of California. Insurance products and services are offered through CD Financial & Insurance Services LLC, an affiliated company.
Opinions expressed herein are solely those of CD Financial and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual adviser prior to implementation.

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