Episode Details

Brad Breeding returns to discuss planning for future care as aging becomes a reality. He discusses what long-term care is and who needs it. Brad also provides practical guidance for planning and budgeting for future long-term care expenses in retirement.

Brad worked as a financial advisor for 12 years before becoming a financial planner. While doing this, he saw that older people and their families needed help with senior living choices. So, he created a website called myLifeSite.net. It helps people make smart decisions about senior living.

In this episode, they talk about:

• What is long-term care, and who needs long-term care
• The needs and eligibilities of long-term care
• Statistics on people who will need long-term care planning
• Clarification on whether long-term care is given at home or in facilities
• Typical duration of a person's stay in long-term care
• The cost of long-term care and how it varies across different types of care and locations
• The costs of long-term care in a Life Plan community

Memorable Quotes:

"We're all aging at this point. So planning for future care is a really important topic for us." 

"The reality is that people of any age can need long term care whether it's a result of a disability or an accident." 

Resources:

myLifeSite Website: https://mylifesite.net/ 

Brad Breeding on LinkedIn: https://www.linkedin.com/in/bradbreeding1/ 

Find out more about Vi Living at our Website: https://www.viliving.com/ 

Hosted on Acast. See acast.com/privacy for more information.