In this episode of the Retirement Planning Podcast, hosts Darrin McComas and Jason Fox are joined by Kirsten Schlumbohm from C2P, to discuss the pressing topic of long-term care insurance. The conversation covers the high likelihood of needing long-term care, the evolution of insurance policies to provide better options than in the past, and the importance of planning and protecting oneself and family from the financial and emotional burden of long-term care. Kirsten shares personal stories and statistics, emphasizing the necessity of having a plan in place and debunking common myths, such as the misconception that Medicare will cover long-term care costs. The episode highlights the value of holistic wealth management and the importance of addressing long-term care as part of a comprehensive retirement plan.00:00 Welcome to the Retirement Planning Podcast00:46 Introduction of Hosts and Special Guest01:19 Debunking Myths About Long-Term Care04:16 The Evolution of Long-Term Care Policies07:55 The Financial Burden of Long-Term Care13:13 Medicare and Medicaid Misconceptions18:19 The Importance of Planning Ahead22:22 Wrapping Up and Final Thoughts29:05 Podcast Outro and DisclaimersSources:https://www.consumeraffairs.com/health/long-term-care-statistics.html#increased-demandhttps://www.consumeraffairs.com/health/long-term-care-statistics.html#cost-of-long-term-carehttps://www.consumeraffairs.com/health/long-term-care-statistics.htmlhttps://acl.gov/ltc/basic-needs/how-much-care-will-you-needhttps://investor.genworth.com/news-events/press-releases/detail/1030/long-term-care-costs-increase-in-washington-exceeding

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