This week Jim and John cover a topic that can dramatically alter your later years in retirement; medical expenses, including long-term care. Most people heading into retirement aren’t prepared for these catastrophic expenses, and when disaster strikes, most are caught unaware. The expenses from a severe illness or accident can add up quickly, potentially consuming an estate and leaving a surviving spouse and heirs with little or nothing. The focus of the program this week is “stop guessing and start planning”. The key is to be prepared for the unexpected. Life is full of surprises, so plan for them. The case study this week of Robert and Beverly Hodges will illustrate this important topic. The guest this week is journalist Ben Mattlin, Contributing Editor at Financial Advisor and Institutional Investor magazines, who will discuss his recent article on the changes in the long-term care insurance market, and the growing number of options in coverage.
.
