10-16-26 The Hidden Costs of Pet Ownership

How much does owning a dog or cat really cost over its lifetime? From adoption fees and food to veterinary care, pet insurance, and estate planning, pet ownership comes with financial obligations that can significantly affect your household budget. Richard Rosso & Jonathan McCarty examine the true lifetime costs of pet ownership, including the differences between dogs and cats, unexpected healthcare expenses, dental care, travel arrangements, and ways to manage financial risks. Should pet expenses have their own line item in your financial plan? Is pet insurance worth the premiums? And what happens to your pets when you're no longer able to care for them? Plus, we're discussing the reported 3.6% Social Security cost-of-living adjustment (COLA), and examining the rising costs of Halloween candy, pet costumes, and seasonal spending. 0:00 - INTRO 0:20 - The Pregnancy Minefield & The Real McCarty's 4:52 - Social Security COLA = 3.6% 6:00 - Planning for Pets - Dogs vs Cats 7:44 - Estimate Median Lifetime Pet Costs 11:28 - Animal Adoptions, etc. 13:47 - Pet Costs as Part of Financial Plan 14:16 - Setting Up Separate Pet Expense Budget Line Item 15:19 - Risk Mitigation for Pet Ownership Cost 18:08 - The True Cost of Adoption 24:56 - Traveling with Pets Expenses 26:33 - Estate Planning for Pets 27:18 - Considering Pet Insurance (Lemonade, TruPanion) 37:28 - Doggie Items & Costumes 39:17 - Halloween Candy Costs ==== Hosted by RIA Advisors' Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/msrXdknaVjg?... -------- Watch our previous show, "Inflation Runs Hot: What's Next for the Fed?" https://youtube.com/live/AFjsj1rWqOw?... ------- REGISTER for our next in-person event, "Retirement Blueprint: 12 Steps to a Financially Savvy & Secure Retirement," Saturday, November 7: https://realinvestmentadvice.com/reso... ------- Get more info & commentary: https://realinvestmentadvice.com/insi... ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social:   / realinvadvice     / lanceroberts     / realinvestmentadvice     / realinvestmentadvice   #FinancialPlanning #PetOwnership #PetInsurance #EstatePlanning #RetirementPlanning