The $113,000 Retirement Risk Nobody Wants to Talk About Long Term Care

What if one of the most overlooked financial risks in retirement isn't a market crash, but the potential cost of needing long-term care? In this episode, Jaime Benedetti and Jeff Cone explore the financial realities of long-term care planning. They discuss what long-term care actually is, the situations that commonly create a need for care, and why many families misunderstand what Medicare and Medicaid may and may not cover. Jaime and Jeff also examine why long-term care planning is often an important consideration for middle-income retirees, review how care expenses can affect a retirement plan, and explain how traditional and hybrid long-term care insurance solutions are generally structured. Whether you're approaching retirement or helping aging parents evaluate their options, this conversation offers practical insights to help you make more informed planning decisions. Topics Covered: • What long-term care is and when it may become necessary • Common misconceptions about Medicare and Medicaid coverage • The potential financial impact of long-term care expenses • Why long-term care planning is often an important consideration for middle-income families • Traditional and hybrid long-term care insurance strategies • Key factors to consider when evaluating your options Content is provided for informational and educational purposes only and should not be considered personalized investment, financial, tax, legal, or insurance advice. Any examples discussed are hypothetical and for illustrative purposes only. Individuals should consult their own qualified professionals before making financial decisions. Source: Genworth Cost of Care Survey (2025). Costs vary significantly based on location, level of care, and provider. Example shown reflects private nursing home room costs in Georgia and is for illustrative purposes only. 0:00 Intro to Long-Term Care 1:00 Opening Disclosures 1:30 Understanding Long Term-Care 5:51 Who Needs Long-Term Care? Myths and Misconceptions Levels of Care Explained Cost of Long-Term Care Financial Implications of Long-Term Care Long-Term Care Insurance Overview Explaining Hybrid Policies Analyzing Policy Examples Evaluating Costs and Benefits Making Informed Decisions on Long Term Care 47:04 Closing Disclosures Available to listen on: Spotify: https://open.spotify.com/episode/6paK... Apply Podcast: https://podcasts.apple.com/ph/podcast...