In this episode, Stephen Stricklin, Founder & President of Wise Wealth, is joined by Paul Brock, Vice President. They discuss the importance of having a comprehensive financial plan, focusing on key components such as a liquid plan, an income plan, and a growth plan.

One major risk for retirees is long-term care, which should always be addressed in any financial plan. Additionally, the concept of short-term care is becoming increasingly relevant in retirement planning.

Paul Brock, an insurance expert with over 21 years of experience, explains the differences between short-term and long-term care. Short-term care typically lasts up to a year, while long-term care extends beyond that, with each serving different healthcare needs. Despite Medicare covering a range of healthcare services, it does not cover either long-term or short-term care, making it crucial to understand these distinctions when planning for retirement.

Tune in to the full episode and learn more about:

Medicare vs. Skilled Care
Conditions for coverage
Medicare Advantage vs. Medicare with a Supplement
Short-term care insurance
Policy types & underwriting

For more information on this topic or to explore any other questions you may have, contact the Wise Wealth team at 816.246.WISE (9473) or by email at info@wisewealth.com.

Visit us at www.wisewealth.com.

Season 6 Episode 11 Preparing for the Unexpected: How to Handle a Nursing Care Crisis