Crisis or Opportunity? Planning for Financial Curveballs
Manage episode 434398121 series 3423688
Where some people see a crisis, others see opportunity. Some of it has to do with your mindset, some of it might have to do with the circumstances of your life. In this episode, Tad and Toni explore some financial curveballs that might not seem ideal at first, but could lead to a better opportunity for the right person…
For example, it can be frustrating to see your long-term care insurance premiums significantly increase. But it could also be just what you needed to start exploring other options for insuring against long-term care that you didn’t even know were out there. This conversation is a great reminder that financial challenges and setbacks can sometimes be opportunities in disguise!
Here’s what we discuss in today’s show:
- Rates going up on a long-term care policy.
- Alternatives to long-term care insurance.
- How indexed universal life insurance works.
- Should I take an early retirement package from my employer?
Key Takeaway
"It's expensive to pay the premiums, but it's way less expensive than having to self-insure and use up a lot of your money."
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