Questions that must be asked if you're told to self fund LTC needs

Questions that must be asked if you're told to self fund LTC needs

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC August 21, 2025 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 use of assets to fund future care needs?" This episode is full of questions you should be asking yourself and your advisors if they tell you you can afford to self-fund. Listen and schedule some time with me to consider the risk and search for the most cost-efficient ways to pay for extended care here View current and projected costs of care where you live here Learn what your state Medicaid system lets you keep here

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
What tax advantages are you overlooking? [not-audio_url] [/not-audio_url]

Duration: 16:20
This week is about tax deductions and tax savings with LTC insurance. Individuals and business owners often overlook the tax advantages that a long term care insurance plan offers. Listen and learn who can use what kind…
In this economy, it's even more important to have a plan [not-audio_url] [/not-audio_url]

Duration: 9:34
This week, I'm hearing that people want to plan for potential LTC needs, but they are afraid to do that today because of our uncertain economy and stock market fluctuations. It's more important than ever to own our own p…
30 years of retirement needs 30 years of LTC protection [not-audio_url] [/not-audio_url]

Duration: 10:29
We and our financial advisors are preparing to need money to last 30 plus years in retirement, yet we don't trust LTC insurance companies to help protect us during that time. If we think we're going to live that long, do…
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