When planning for retirement, most people think about the fun things they’ll do or the real estate they plan on buying. However, very few people plan for the worst — they typically don’t think about potential illness or other ailments — and their finances reflect that.
In this episode of Wealth Is in the Details Podcast, Peter Raskin discusses contingency planning for retirement, specifically long-term care.
In this episode, you will learn:
How to use Medicare alongside additional coverage to receive comprehensive health coverage in retirement
The difference between Medicare and Medicaid when it comes to custodial care
Why it’s important to consider contingency plans when saving for retirement
Why and when to have the tough conversations with your loved ones about planning for long-term care
Tune in now and start contingency planning with confidence!
Disclosure: The is not intended to be a substitute for professional investing advice always seek the advice of your financial adviser or other qualified financial service provider with any questions you may have regarding your investment planning.
Peter Raskin is a registered representative of Lincoln Financial Advisors.
Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors.
Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances