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Overthinking – A Mixed Blessing. I Think…
Aug 15 2014
Corey Reick
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I enjoy thinking and planning—I’ve been told—on occasion—too much.  In fact it took me 15 minutes to craft that sentence.

I relish in, look forward to, and fully enjoy considering all of the angles of a situation—and the subsequent planning/ endeavoring to remove all of the rocks out of my proverbial river long before my boat is even close to crashing into them.

When I am gearing up for a full marathon, I consider and plan out every run on my 16-20 week schedule, prior to starting training.  I also plan out the what/when of my cross-training strategy to execute on the days when I’m not running.  I fully document distances covered on each run and training session, as well as the calories expended with each activity.  After all, part of the payoff is how many hamburgers the (calories burned) effort can be translated into!

The planning process of Long Term Care implementation, like preparing for a marathon, can be stressful. It’s hard to see the rocks in your river up ahead. That’s why having someone who has already navigated the river is critical, and having someone that is committed to a methodical, systematic comprehensive planning process is key. Preparing for the future can be scary but when you have the right plan in place the waters can become clearer.

So, while you may pull your hair out if you’re in line behind me as I pick out my RedBox movie, you’ll thank me as we cross the river of Long Term Care without any stumbles and keep your clothes from getting wet.

Should you, as a “C Suite” Executive, consider Long Term Care?
Mar 31 2016
Corey Reick
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The obvious answer to this question is that there isn’t one answer. Long Term Care Planning isn’t for everyone, but Long Term Care EDUCATION is.

If you have had a personal experience with Long Term Care this may in part shape your thinking—and you are probably fully aware of the matters surrounding the Long Term Care issue—like the costs, the time it may require for you to deliver care and in many cases the stress and anxiety that can come with it—not to mention the pressure that it can put on an executive’s income, investments and financial plan.

If you have not had this experience, it may be a next logical consideration for your financial plan, or if you have executive benefits in your company, the next logical executive benefit that you consider.

Here are a few reasons why executives should consider Long Term Care for themselves and their organizations:

  • Tax favorability
  • Further protection of income
  • Funding strategies
  • Selection of key executives for inclusion into this benefit based on a predetermined set of criteria
  • Protection of lifestyle
  • Underwriting strategies
  • Plans can be created and specifically tailored to each executive
  • Plans can also be a benefit that is offered to your employees and funded completely by them

Effective Long Term Care Learning and Planning is predicated on 3 agreements:

  1. Do you expect to live a long life?

IF YES, THEN–

  1. If you live long enough, is it reasonable to assume and say that you may require Long Term Care related assistance at some point?

IF YES, THEN–

  1. If the Long Term Care issue and its associated challenges present themselves to you and your family, do you realize that it is no longer about you?
    1. It is about the emotional and physical consequences that often come as a result of care giving and the toll this takes on caregivers.
    2. The second set of consequences can be financial which can affect income, family lifestyle and your overall financial plan.

Said differently, an unfunded or underfunded Long Term Care event doesn’t mean your life will end. It means someone else’s will.

Often, if you do not plan adequately for Long Term Care, your family becomes your plan.

What’s Next?

Privately speak to expert Corey Rieck to find out if Long Term Care Planning is right for you

Or

Answer 4 Short Questions to Learn More 

 

Close the retirement strategy loop with Long Term Care Planning
Sep 19 2017
Corey Reick
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Health insurance can sometimes provide a false sense of security when it comes to understanding the resources that will be made available for long term care. It is essential to know where coverage begins and ends. Without long term care planning, even the best retirement strategies are vulnerable. You cannot fully assess this unless you understand the costs of Long Term Care and the definitions to navigate these matters.

Read our Long Term Care Planning Essentials or avail a free consultation to learn more about:

  • How Long-Term Care is defined
  • The important distinction between skilled and non-skilled care
  • The financial costs of long term care in your area
  • The perspective between premiums and benefits
  • Buyer tips and considerations
If you want to get your Long Term Care Planning right for you and your spouse, you must speak to Corey. His Phase I made sure I understood a fairly complex set of options – no pressure.
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