Poor decisions when planning cause BIG problems later

Poor decisions when planning cause BIG problems later

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC October 9, 2025 Duration: 12:05
This week, after hearing from a client who wishes she would have bought more insurance a decade ago, Diane shares decisions that others have made in the past and now regret it. These people, if they had thought through their decisions before making them, could have ended up with much better outcomes. When planning to provide for ourselves and protect our families, we need to take action. And we need to not skip the small things. The small things in these stories would have made all the difference. We all have a plan for our own future long term care needs. Some will just let things happen and will end up being "put" somewhere. Those who proactively seek solutions end up with much better choices later on. You can view both current and projected costs of home care, assisted living, and nursing home care where you live or plan to live here I recommend you use 5% inflation on care as that's what we've seen for three decades. Then schedule a phone or zoom meeting to start designing your plan here Then you'll be Prepared for Tomorrow!!!

Diane Stoddart brings a professional yet deeply personal perspective to the complex world of long-term care planning in Preparing For Tomorrow podcast. As a Certified Long Term Care Consultant, she understands that preparing for future care needs involves more than just finances-it's about safeguarding your family's well-being and peace of mind. Each conversation cuts through the industry jargon to clarify the real options available, from insurance products to legal strategies, all aimed at protecting your life savings from being depleted by unexpected care costs. You'll hear Diane break down essential concepts and terms, making a daunting subject feel manageable and urgent. Alongside expert guests, she explores the emotional and physical dimensions of caregiving, offering a holistic view that acknowledges the full weight of these decisions. This isn't about fear; it's about empowerment through knowledge. Tuning into this podcast provides a straightforward guide to creating a practical plan, ensuring you can face tomorrow with confidence rather than anxiety, knowing your loved ones and your legacy are secure.
Author: Language: English Episodes: 100

Preparing For Tomorrow podcast
Podcast Episodes
Case Study: Is age 79 too late to buy LTC insurance? [not-audio_url] [/not-audio_url]

Duration: 11:36
I was introduced to a couple ages 79 and 72 who thought it might be too late to plan for LTC protection. Thankfully, companies that offer LTC coverage continue to create new ways to plan and help older Americans protect…
Questions 9 & 10 - Nursing homes? Paying family? [not-audio_url] [/not-audio_url]

Duration: 9:51
This week, we answer two questions by sharing some history of the long term care industry. 1) Do I have to go to a nursing home to receive my benefits? 2) Can I use my LTC policy to pay my family? Listen and learn how th…
Question 8 - How long will I need to pay my LTC premiums? [not-audio_url] [/not-audio_url]

Duration: 11:56
Would you rather pay $145,000 or $245,000 in total premiums to have $1,300,000 in long term care benefits at age 85? When we pay our premiums over a shorter number of years, we almost always pay less than if we pay a sma…
Question 7 - Does Medicare pay for long term care? [not-audio_url] [/not-audio_url]

Duration: 12:12
Many believe that Medicare pays for long term care needs. Many also confuse Medicare and Medicaid. Listen and learn how both of these government programs work and why we need to understand why it's important to plan for…
Question 6 - What's the best age to buy LTC insurance? [not-audio_url] [/not-audio_url]

Duration: 11:15
This is always the question. We all want to wait as long as we can before paying for something we don't want to own to protect our family from something that we don't want to happen. Let me tell you - if that something i…
Question 5 - Are there tax deductions when I own LTC insurance? [not-audio_url] [/not-audio_url]

Duration: 12:01
Estimate LTC premiums here Schedule a meeting with me here Ask a quick question here Listen to more episodes here Learn what your state lets you keep to qualify for Medicaid here Cost of care estimator is here
Question 4 - Can I get money back if I don't need care? [not-audio_url] [/not-audio_url]

Duration: 11:37
There are multiple ways to design LTC plans to get mney back of care isn't needed. Listen to many options today. Part two comes next week. Estimate LTC insurance premiums here: Premium estimator Schedule a meeting with m…
Question 3 - What is an Elimination Period? [not-audio_url] [/not-audio_url]

Duration: 11:21
Estimate LTC insurance premiums here: https://23149698.hs-sites.com/individual-calculator Ask a question here: https://calendly.com/diane-p4t/15min Listen to more podcast episodes here: https://preparingfortomorrow.libsy…
Question 2 - How much insurance do I need? [not-audio_url] [/not-audio_url]

Duration: 11:24
LTC Resources Estimate LTC insurance premiums here https://23149698.hs-sites.com/individual-calculator Ask a question here https://calendly.com/diane-p4t/15min Listen to podcast episodes here https://preparingfortomorrow…