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Podcast: Retire Today
Episode: Long-term Care Insurance vs. Self-Insurance: What’s Better for Retirees?
Description: Jeremy Keil compares long-term care insurance to self-funding long-term care through the lens of 3 clarifying questions.
When most people start planning for retirement, they’re focused on investment returns, income, and taxes. But one of the biggest financial and emotional challenges retirees face isn’t about markets or money — it’s about health. Specifically, it’s about how to plan for long-term care.
I get this question all the time:
“Should I buy long-term care insurance or should I self-insure?”
Here’s the truth — I don’t like the term “self-insure.”
You can’t actually...