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Long-Term Care in Retirement - Annuity and Life - Side by Side
Manage episode 445079062 series 2810299
Το περιεχόμενο παρέχεται από το Radon Stancil, CFP® & Murs Tariq, CFP®, Radon Stancil, and Murs Tariq. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Radon Stancil, CFP® & Murs Tariq, CFP®, Radon Stancil, and Murs Tariq ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
In this episode of the Secure Your Retirement Podcast, Radon and Murs discuss the final installment of their series on hybrid long-term care solutions, focusing on annuity versus life insurance. They provide an in-depth comparison of these two options, highlighting the pros and cons of each approach to help listeners determine which solution may be more suitable for their retirement planning. This episode serves as a comprehensive wrap-up of previous discussions on long-term care, offering valuable insights for anyone looking to secure their future and address long-term care needs.
Listen in to learn about the specifics of how hybrid long-term care annuities and life insurance policies function, including their coverage benefits, underwriting processes, and payout options. Radon and Murs discuss important factors such as guaranteed issue policies, tax-free benefits, and the impact of age and health status on insurance choices, empowering listeners to make informed decisions on planning for long-term care in retirement.
In this episode, find out:
· The differences between hybrid long-term care annuity and life insurance policies.
· How guaranteed issue policies work and when they may be beneficial.
· The benefits of tax-free long-term care withdrawals and inflation riders.
· Strategies for funding hybrid policies through lump-sum payments or ongoing premiums.
· How to determine which option may be the best fit based on age, health, and financial goals.
Tweetable Quotes:
· "The beauty of hybrid long-term care solutions is that they can provide tax-free benefits, giving you financial flexibility when you need it most." – Radon Stancil
· "If you're cash flow heavy but don't have assets set aside, the Lincoln MoneyGuard's pay-as-you-go model may be the right approach for you." – Murs Tariq
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
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