Jul 28, 2026
How should you prepare for one of the biggest financial risks
facing retirees—and one that many people would rather not think
about?
In this episode of Something More with Chris Boyd,
Chris Boyd, Russ Ball, and Luke Bagley take an in-depth look at
long-term care planning, the rising cost of care, and the difficult
decisions families face when trying to protect their retirement
savings. While many people recognize that long-term care expenses
can be substantial, understanding how to prepare for those costs is
far less straightforward.
The conversation explores the realities of traditional
long-term care insurance, including qualification requirements,
benefit triggers, premium increases, elimination periods, and
inflation concerns. The team discusses why many consumers become
frustrated with these policies and why evaluating long-term care
risk has become an essential part of comprehensive financial
planning.
They also review alternative approaches, including hybrid life
insurance and annuity-based solutions, and discuss how some
families choose to self-fund care expenses. Throughout the episode,
the discussion emphasizes that there is no one-size-fits-all
answer. The best strategy depends on a household’s financial
resources, goals, health considerations, and desire to preserve
assets for loved ones.
Whether you're approaching retirement, currently retired, or
helping aging parents navigate care decisions, this episode
provides valuable perspective on one of the most important—and
often overlooked—planning challenges facing families today.
#LongTermCare #RetirementPlanning #FinancialPlanning
#WealthManagement #EstatePlanning #RiskManagement #FinancialAdvisor
#RetirementStrategy #LegacyPlanning #InsurancePlanning