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Motley Fool Answers

Confronting the Specter of Long-Term Care

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 23 October 2018

⏱️ 42 minutes

🧾️ Download transcript

Summary

October isn’t only the month of ghosts and goblins – it’s also officially long-term care planning month. Dr. Jean Accius of AARP joins us to discuss the latest trends in long-term care, government assistance, and senior housing.

Transcript

Click on a timestamp to play from that location

0:00.0

Support for Motleyful Answers comes from our friends at Rocket Mortgage by Quick and Loans,

0:03.8

who are excited to introduce their all-new Rate Shield approval. If you're in the market to buy a home,

0:08.5

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0:12.9

for up for up while you shop. But here's the crucial part. If rates go up, your rate stays the

0:17.1

same. But if rates go down, your rate also drops. Either way, you win. It's the kind of thinking you'd expect from America's largest mortgage lender. To get started,

0:24.9

go to rocketmortgage.com slash fool.

0:30.1

This is Motley Fool Answers. I'm Alison Southwick, and I'm joined, as always, by Robert Brokamp,

0:34.5

personal finance expert here at The Motley Fool. Hey, Alison.

0:38.5

Hey, bro.

0:40.2

We have a special guest here today.

0:42.7

It's Gene Axius, and he's from AARP.

0:48.6

He's going to help us better understand the looming concerns of long-term care that are facing all of us.

0:50.7

Dun-dun-da.

0:54.7

All that and more on this week's episode of Motleyful Answers.

0:57.2

So what's up, Allison?

1:03.4

Well, bro, to paraphrase King Solomon in the book of Ecclesiastes, there is nothing new under the sun.

1:09.4

And a fantastic example of this is Sears, in light of the recent news that it filed for Chapter 11 bankruptcy.

1:12.0

And you've probably seen about a million articles about the death of Sears, thanks to Amazon. But today, I'm going to share with you a few

1:17.9

ways that Sears was the Amazon before Amazon. And I'm going to crib a large amount of this

1:24.0

from Dylan Thompson's article, Yes, Rick from the Atlantic, titled, The History of Sears predicts nearly everything Amazon is doing, and also another one on Investopedia called Who Killed Sears? The answer is all of us. So, let's get to it. Like Amazon, Sears began as a convenient way to shop from home and have stuff delivered to your door. As Dylan Thompson

1:45.7

writes, mail was an internet before the internet. And because of it, people were able to shop at home

1:50.6

through catalogs and have things delivered to them thanks to the rise of mail and trains and all

...

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