The Retirement Voyage with Dale McGregor

The Horizon: Plan for Long-Term Care and Unexpected Medical Expenses

Episode Notes

Bestselling Author and Retirement Expert, Dale McGregor, looks toward the retirement “horizon” and tackles one of the biggest threats to your nest egg: long-term care and unplanned medical expenses. Dale shares the startling stat that people who live past 65 have about a 70% chance of needing some form of long-term care. He explains what qualifies as long-term care, how quickly a $10,000-per-month nursing home bill can exhaust a million-dollar portfolio, and why he often prefers max-funded life insurance strategies over traditional “use it or lose it” long-term care policies.