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EP 23: Are You Prepared For Long-Term Care

Aug 1, 2023

Will you need long-term care during your lifetime? If so, what will it cost and how will you pay for it? As individuals progress through retirement, the possibility of needing long-term care becomes an important consideration. The cost of long-term care can be substantial and a common fear for many individuals is losing their life savings in the event that they need assistance in the future. In this episode, we discuss the cost of long-term care as well as the considerations individuals should be thinking about before they actually need assistance. Those who plan ahead are most likely to be prepared and will have the best chance to effectively navigate the expensive landscape of long-term care costs. If you are interested in learning more about the cost of long-term care and the considerations you should be thinking about now, we think you will enjoy this episode. Thanks for listening! For more detail about planning for and navigating the cost of long-term care, check out our blog post covering the same topic at https://pw-wm.com/learn/financial-planning/are-you-prepared-for-long-term-care/

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For those who are interested in even more detail about planning for and navigating the cost of long-term care, check out our blog post covering the same topic.

About The Podcast Hosts

Steve & Nathan

Steve and Nathan have a passion for teaching others about finances and how to build the financial independence that is achievable with the proper planning. In their roles at Prairiewood Wealth Management, both Nathan and Steve focus on providing comprehensive financial advice to ensure their clients have a coordinated plan that covers all aspects of their finances including their investments, insurance, estate plan, and charitable giving goals.

As Certified Public Accountants (CPAs), both Nathan and Steve believe that one of the most overlooked aspects of financial advice is the tax impacts that result. Accordingly, a core focus of the advice they give centers on integrating tax strategy into the overall financial advising process.

Steve and Nathan are excited to share their knowledge through this podcast as well as their blog with the goal of helping you effectively manage your family’s wealth and ensure you have a comprehensive and coordinated plan for your future.

About Steve & Nathan