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
Preparing For Tomorrow podcast
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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

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Podcast Episodes
$25,000-$30,000 per month for home care and assisted living? [not-audio_url] [/not-audio_url]

Duration: 12:34
Today, I want to discuss the financial risk we're facing when planning for LTC needs in 20 or 30 years or more. Home care costs increased on average 10% nationwide from 2022-2023. Assisted Living costs increased 5% on av…
They're selling EVERYTHING to qualify for Medicaid [not-audio_url] [/not-audio_url]

Duration: 9:09
Yes, a colleague of mine is selling all of her uncle's belongings because he was "put into aged care". Those who plan know where they want to be when a long term care event enters the picture. And they have the income, s…
Make that inherited IRA create tax-free LTC benefits [not-audio_url] [/not-audio_url]

Duration: 10:40
On Sunday, Suze Orman discussed the finally finalized rules for inherited IRA's. Listen here: https://www.suzeorman.com/podcast Today, I'm going to share a case study to share what one of our clients did with some of the…
What's better than leaving an inheritance? [not-audio_url] [/not-audio_url]

Duration: 8:22
The two most common reasons people tell me they're looking into LTC insurance are: 1) They don't want to bankrupt their spouse emotionally, physically or financially, and 2) they don't want to burden their children with…
Asking the intrusive health questions gets more approvals [not-audio_url] [/not-audio_url]

Duration: 9:14
This week, we're talking about health qualifying for LTC benefits. What to do... What not to do... LTC planning is all about timing. If you apply at the wrong time or with the wrong company, you could be declined for som…
Questions I hate to get [not-audio_url] [/not-audio_url]

Duration: 13:17
Too often, people contact me when it's too late to access all their LTC planning options. Some people believe they are planning ahead at age 80. Some people wait to inquire until after a diagnosis either limits their opt…
What questions do we get most often? [not-audio_url] [/not-audio_url]

Duration: 10:53
This week, my husband, Paul, asks me multiple questions that we get quite often. I'm guessing you've asked at least one of these questions if you've been considering LTC insurance to protect your family from an extended…
Why is it important to work with a LTC Planning Specialist? [not-audio_url] [/not-audio_url]

Duration: 13:56
There are many professionals from whom you can purchase LTC insurance, but an LTC Planning Specialist is going to have the most knowledge and training about all the options that can be available based on unique needs of…
What's a 1035 exchange? [not-audio_url] [/not-audio_url]

Duration: 12:03
Several people are asking if they can use their life insurance policies for long term care needs. Some newer life insurance plans include a chronic illness rider that let's you use the dealth benefit while still alive an…

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