Brett Ringold - The Retirement Risk Most People Don't Plan For

Work with us on Retirement and Advanced Tax Planning: https://rebrand.ly/tir-howtoworkwithus What if the biggest threat to your retirement isn't the market, but the cost of getting sick? Most people spend decades building a nest egg and almost no time planning for the expense that can drain it fastest: long-term care. David Bezar sits down with Brett Ringold, Vice President of A Long Term Companion and a Home Care Association of America director, to break down what care really costs and how families can prepare. They get into the real cost of home care, assisted living, and skilled nursing, why an Alzheimer's or dementia diagnosis changes everything, and the Medicare GUIDE benefits most families never hear about. Brett also shares the documents every family should have in place before a crisis hits. Seventy percent of people over 65 will need care, and getting it wrong can wipe out a lifetime of savings. Plan before you have to. Watch now. ⌛ Timestamps: [00:15] What a year of care really costs, from home care to skilled nursing [14:09] (cost figures: home care $80K, assisted living $90K, skilled nursing $160–190K) [14:39] The hidden price of unpaid family caregiving [15:38] Long-term care insurance, and why waiting makes it harder to get [16:35] The hybrid insurance tools David calls Swiss Army knives [17:21] The $12,500-a-month figure Thrive builds into a retirement plan [17:56] Why an Alzheimer's diagnosis can mean 8 to 10 years of cost [18:43] The dementia statistic expected to climb 80% in 25 years [19:57] Why so many caregiving families feel completely alone [22:52] The little-known Medicare benefit that covers respite care [26:46] The personal story behind A Long Term Companion [27:42] Where to start if you've never had the care conversation [28:22] The legal documents every family needs before a crisis 📌 About the Guest Brett Ringold is the Vice President of A Long Term Companion, a family-owned home care agency serving the Delaware Valley since 2010, with a team of about 200 professional caregivers and registered nurse oversight. He serves on the board of directors of the Home Care Association of America, which represents roughly 5,000 agencies nationwide. Brett's connection to care is personal: his mother founded A Long Term Companion after caring for him through Crohn's disease, and his family's own experience with Alzheimer's shapes how he supports families today. He was named a 2024 Future Leader by Home Health Care News. Connect with Brett Ringold:   / brett-ringold-245382282   Learn more about A Long Term Companion: https://www.alongtermcompanion.com 📌Important Links Learn more about Thrive Financial Services: https://rebrand.ly/tir-web Connect with David Bezar: https://rebrand.ly/tir-linkedin Check out our Client Success Stories: https://rebrand.ly/tir-testimonials 📌Disclosure: Thrive Capital Management, LLC, is an SEC-Registered Investment Advisory firm. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate a particular level of skill or ability. Insurance products and services offered through Thrive Financial Services, LLC. Thrive Financial Services and Thrive Capital Management, LLC are affiliated companies. For more information please visit: https://adviserinfo.sec.gov and search for our firm name. This podcast for informational purposes only and is not intended as legal, tax, or investment advice, or as a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results. Any references to protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. #ThriveInRetirement #RetirementPlanning #FinancialPlanning #WealthManagement #RetirementIncome #TaxPlanning #EstatePlanning #FinancialAdvisor #FiduciaryAdvisor #SocialSecurity