Planning for the Cost of Long-Term Care and Retirement

Episode Summary:

In this episode of Caregiver Counsel: Elder Law Insights, Attorney Tieesha Taylor sits down with financial expert Jose Jimenez, President of All Star Capital Group, to discuss how caregiving affects family finances and retirement planning.

They explore the rising cost of long-term care, common mistakes families make when paying for care, and how to plan early to protect your lifestyle and legacy. Jose shares key financial questions every family should ask, the role of life insurance in planning, and why caregivers must prioritize their own financial and emotional health.

This episode is packed with practical advice for families looking to plan ahead, support loved ones, and ensure a secure future.

Key Timestamps:

00:00 – Attorney Tieesha Taylor introduces the topic — how caregiving impacts family finances and long-term planning. 01:00 – Jose shares his 29 years of experience helping families plan financially for retirement and care needs. 02:00 – Why families should start planning early to save costs and avoid financial strain later. 03:00 – How caregiving can reduce income and delay retirement, and why professional advice is key. 04:00 – Using retirement savings to pay for care — and the long-term risks of poor planning. 05:00 – Four financial questions to assess your readiness for retirement and future care needs. 06:20 – How life insurance protects families, provides emergency funds, and helps leave a legacy. 07:30 – Why adult children should find a trusted financial advisor for their parents. 08:00 – How one woman’s careful planning ensured her family’s stability and legacy after her passing. 09:10 – Why it’s okay to ask for help — emotionally, financially, and professionally. 10:00 – Attorney Taylor wraps up with key takeaways on early planning and protecting your family’s future.

About the Show:

Caregiver Counsel: Elder Law Insights is hosted by Attorney Tieesha Taylor, founder of the Elderly Care Law Firm in South Florida. Each episode offers practical legal and financial guidance for families navigating elder law, caregiving, and legacy planning — helping caregivers make informed decisions with compassion and confidence.