Friday Q and A-What Can I Do To Plan for My Parents’ Long-Term Care When They Don’t Have Any Money? RPF0023

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 18 July 2014

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

I plan that Friday’s show generally be a Q&A show and today, I planned to answer two questions: one about planning for long-term care needs and the other about what to do with a less-than-stellar 401(k) plan. Unfortunately, I was really only able to answer the first one. But, I hope the answer will provide […]

Transcript

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0:00.0	This episode is brought to you by Pepsi Max. Christmas is great, but there's loads of ways to make it better.
0:08.0	Like sneaking some chili into the gravy for some extra oint or build in a playlist that will even get your
0:14.8	none up on the table or just cracking open an ice cold Pepsi Max.
0:20.1	Christmas. Better with Pepsi Max.
0:29.0	Radical Personal Finance episode 23.
0:32.0	On today's show, how do I help my parents prepare for the
0:36.3	prospect of needing long-term care services when they are not
0:40.5	financially prepared.
0:43.0	Also, what do I do about my 401k,
0:45.7	which has high fees, limited options, and no clear fiduciary? And the Welcome to the Radical Personal Finance Podcast for today, today being Friday July 18, 2014. My name is Joshua Sheets. I'm your host here with you every day.
1:17.0	And today is going to be a Friday Q&A show.
1:20.0	I'm going to be primarily handling two questions, the two questions I just mentioned, one about
1:24.8	long-term care planning and the other about my 401k.
1:27.8	And then if we have time, we'll get to some inspiring reading for the weekend.
1:33.0	So these two questions today are going to be challenging.
1:42.8	I don't expect them to be quick, but I do want to really give some good ideas to the people that have asked the questions.
1:48.8	As you know, I am putting out these Friday Q&A shows every week week and I think that next Friday will be a lot better
1:54.9	So over the weekend that should be able to get up and add the application on the website to allow you to phone in your
2:00.0	feedback so that way I can have a nice audio message that we could play on the air and
2:04.2	I'm excited about that it'll help us to get a better feel for for you as a caller as a
2:08.8	questioner it helps us to get a little bit of better a feel and a little bit more
2:12.1	personal instead of the more
	...

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