In this episode of the Rich Life Retirement Show, Beau Henderson is joined by elder law attorney Aaron Miller to discuss how elder care planning and estate strategies can help protect your retirement from the rising costs of long-term care.
What You'll Learn:
• The real costs of care: from home health to memory care facilities
• The top 3 long-term care myths that are financially dangerous
• How Medicaid actually works—and why it’s not just for the poor
• Ways to protect your assets through proactive legal planning
• A simple checklist of documents every retiree needs to have in place
Aaron brings real-world stories, legal expertise, and compassionate clarity to a topic most families avoid until it's too late. Whether you're planning for yourself or helping aging parents, this conversation is essential.
Disclaimer:
Converting an employer plan account, or traditional IRA to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences, including, but not limited to a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
Investing in securities involves risk, including potential loss. No investment strategy can guarantee returns or eliminate risk. Investment values and income can fluctuate with market conditions. Past performance does not predict future results.
References to protection or steady income apply only to fixed insurance products, not securities or investment advisory products. Guarantees depend on the insurance company's financial strength. Surrender charges apply for early withdrawal, which is taxed as ordinary income and may incur a 10% federal tax penalty if taken before age 59½.
To learn more, visit www.RichLifeAdvisors.com
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Disclosure:
Beau Henderson is an investment advisor representative with Fiduciary Capital, Inc., a registered investment advisor. Opinions expressed are for educational purposes only and do not constitute specific individual advice. RichLife Advisors does not offer legal or tax advice. Listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.
Beau Henderson and RichLife Advisors are not associated with or endorsed by Medicare, the Social Security Administration, or any other government agency. Maximizing your Social Security benefits assumes foreknowledge of your date of death. Claiming later for a higher benefit may result in fewer benefits if you pass away earlier than expected. Investing in securities involves risk, including potential loss.
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