Questions I hate to get

Questions I hate to get

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC August 8, 2024 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 options or makes them altogether uninsurable. The earlier we plan, the more choices we have, AND the more benefits we can obtain for the least amout of premium. Business owners can deduct LTC premiums, so it's helpful to pay for the plans while you still own the business, to get additional tax write offs. C corporations can deduct 100% of LTC premiums without a cap. LLCs and S Corps have a maximum they can deduct. The 2024 caps are below. These are per person Age 40 or less $470 Age 41-50 $880 Age 51-60 $1760 Age 61-70 $4710 Age 71+ $5880 Schedule with me to learn more https://calendly.com/diane-p4t/30min

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
Questions that must be asked if you're told to self fund LTC needs [not-audio_url] [/not-audio_url]

Duration: 11:20
Many have been advised by a financial planner, estate planning attorney or other professional that they have enough assets to "self-insure" future LTC needs. The question is not "can I afford it?" but "Is this the best u…
LTC in Europe [not-audio_url] [/not-audio_url]

Duration: 12:31
This week, I'm sharing what I learned about public LTC funding in Germany and how it's managed. Their national/local public funding initiative is alreaday underfunded by taxes, and the aging population there is expected…
When Health Interrupts Our Plans [not-audio_url] [/not-audio_url]

Duration: 32:14
This is an episode from 2020 when I interviewed my travel advisor about COVID or other family health issues interrupting travel plans. He created the best 25th anniversary trip to Europe we could have imagined! Contact h…
Which kind of plan is right for me? [not-audio_url] [/not-audio_url]

Duration: 16:25
This week, we're describing who may consider different types of LTC planning strategies and why. Stand-alone/traditional LTC vs. Hybrid Life/LTC vs. Hybrid Annuity/LTC. All provide tax-free benefits for extended care nee…
Understand how different annuities offer LTC benefits [not-audio_url] [/not-audio_url]

Duration: 7:00
In our third week with our couple in their 80s, we consider options to obtain the most LTC benefits from annuities. If you already own annuities, check for a Chronic Illness rider or LTC rider. If there is one, read it c…
How having a plan can help the whole family [not-audio_url] [/not-audio_url]

Duration: 10:43
Last week, I shared how not having a plan can create chaos throughout the whole family when long term care is needed. This week, I used the same need and family but added LTC insurance as a tool to help pay for care expe…
What can happen without a plan? [not-audio_url] [/not-audio_url]

Duration: 10:48
This week, Diane shares a story of what can happen when there is no plan for extended care or long term care. With cataract surgery adjustments today and super dialated eyes, rhis is all that can be said this week. Sorry…
We need to focus on what we can control [not-audio_url] [/not-audio_url]

Duration: 3:54
We're getting bad news from what seems like every direction these days. Governments and media are all talking about wars and destruction. But this is not new. We've been through these kinds of events before, too many tim…
Stand-alone LTC  - shared and individual [not-audio_url] [/not-audio_url]

Duration: 11:51
After reviewing planning strategies for hybrid or linked benefit LTC plans, this week we are comparing shared and individual traditional or stand-alone LTC plans. Yes, there have been rate increases on these plans, but o…