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Summary

In this episode of the RealView Money podcast, host Angelo Sioson discusses the critical topic of financing long-term care. He emphasizes the importance of planning ahead for long-term care needs, exploring various funding options including self-funding, insurance policies, and Medicaid. The conversation highlights the complexities of each option and encourages listeners to consider their financial future and the implications of their choices.

Key Points

This episode focuses on financing long-term care.
Self-funding is an option if you have sufficient assets.
Long-term care insurance can be expensive but necessary.
It's important to plan for long-term care before retirement.
Insurance options include traditional long-term care policies and life insurance riders.
Medicaid can cover some long-term care costs but has limitations.
Understanding the fees associated with insurance riders is crucial.
Discussing long-term care with family is often a first-time conversation.
Choosing where to receive care can impact quality of life.
Starting to plan for long-term care in your 40s or 50s is advisable.

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