Many people understand the importance of long-term care planning—but struggle with the idea of paying expensive premiums year after year for coverage they may never use. In this episode of Financial Fitness with The Money Doctor, Frances Rahaim, Ph.D., and co-host Jess Tyler explore alternatives to traditional long-term care insurance and discuss how some newer planning strategies may help protect retirement assets from catastrophic long-term care expenses.

Topics include:

- Why long-term care costs can threaten even well-prepared retirement plans

- The difference between traditional long-term care insurance and newer asset-based approaches

- Home care, assisted living, nursing home care, and Activities of Daily Living (ADLs)

- Medicare and Medicaid misconceptions

- Questions to ask before considering any long-term care strategyHow some solutions may allow unused assets to pass to beneficiaries. This discussion is intended for educational purposes only and is not legal, tax, insurance, or investment advice. Individual circumstances vary.

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