When planning your retirement, long-term care needs will also play a role in future spending. Planning for it today could save you money in the future.

In this episode, Micheal Labos dives further into accepting mortality and preparing aging parents for long-term care needs. He shares the advice he gives to clients on balancing costs while preparing a legacy for beneficiaries and some solutions that couldn’t be considered 20 years ago.

Micheal discusses:

• What to consider when planning for long-term care
  
• Why spouses aren’t the best option for long-term care givers
  
• The benefits and detriments of Medicare and Medicaid
  
• How to prepare for the cost of long-term care
  
• And more!
  

Resources:

• YouTube: The Gen X Money Advisor Podcast
  

Connect with Michael Labos:

• LinkedIn: Michael Labos
  
• Gen X Wealth Partners
  
• Facebook: Gen X Wealth Partners