Ep. 22 Paying for Extended Care with Traditional Long-term Care Insurance (with Peter Ciravalo and Rodney Mogen)

<p>One commonly shared concern for all retirees and pre-retirees I&#39;ve spoken to over the years: &quot;Never be a burden on your loved ones.&quot; </p> <p><br></p> <p>As we all go through the aging process, the potential need for extended care is more and more at the forefront. </p> <p><br></p> <p>However, many pre-retirees and retirees fail to prepare for this because financial advisors focus more on selling products instead of real planning.</p> <p><br></p> <p>In episode 17, Harley Gordon joined us to discuss the consequences of not planning for extended care.</p> <p><br></p> <p>In this 3 part series (episodes 22-24), we will talk about the three ways to pay for extended care expenses:</p> <p><br></p> <p>Part 1 - Traditional Long-term Care Insurance</p> <p>Part 2 - Hybrid Long-term Care Insurance </p> <p>Part 3 - Self-funding extended care costs </p> <p><br></p> <p>In parts 1 and 2, I had the pleasure of speaking with Peter Ciravalo and Rodney Mogen from BC Brokerage. Peter and Rodney have a wealth of product knowledge but with a financial planning mindset. </p> <p><br></p> <p>I hope you enjoy this episode&#39;s 3-part series. </p> <p><br></p> <p>Here are a few links we referenced in the show. </p> <p><br></p> <p><a href="https://www.genworth.com/aging-and-you/finances/cost-of-care.html" target="_blank" rel="noopener noreferer">Genworth Cost of Care</a></p> <p><br></p> <p><a href="https://www.bc-brokerage.com/" target="_blank" rel="noopener noreferer">BC Brokerage Website</a></p> <p><br></p> <p><a href="https://www.linkedin.com/in/peterciravolo/" target="_blank" rel="noopener noreferer">Peter&#39;s LinkedIn</a></p> <p><br></p> <p><a href="https://www.linkedin.com/in/rodneymogen/" target="_blank" rel="noopener noreferer">Rodney&#39;s LinkedIn</a></p> <p><br></p> <p><br></p>