Ep 095: When we sit down with our clients, one of the greatest fears in retirement is needing Long-Term Care services as we age. But our long-term care needs are often undefined. We don’t know how we’ll age. Some of us do know a bit about how our immediate family has aged and what their experience with long-term care has been, but is that relevant for us?

With our clients, we can roughly game plan whether our current retirement assets and savings might be enough to support one or two people’s long-term care needs. But it’s certainly a guess and it only discusses the financial component of long-term care. What about the burden on my family? What is their role going to be and how should they be involved in my aging process? Is it possible to strategize an Eldercare strategy for each of us individually? So, that is exactly what this show is about!

Our next guest spent 4 years specializing in molecular genetics and data science at UC Berkeley and did all things technical foundations, including biology, chemistry, physics, data science, computer science, statistics, and linear algebra. She has spent the last few years pushing for the early adoption of AI in biotech and healthcare. She is an Ex-NASA data scientist building the future of financial planning tools for eldercare using Artificial Intelligence. She’s the founder of WaterLily Planning, a software that leverages AI to help you personalize your long-term care plans. Please welcome Lily Vittayarukskul to The Retirement Success in Maine Podcast!

Chapters:

Welcome, Lily Vittayarukskul! [3:15]

How does the WaterLily software work? [10:46]

Examining WaterLily’s output, using Ben! [15:00]

Caregiving and Long-Term Care. [24:39]

What’s the future of Long-Term Care in the United States? [37:04]

What is a Successful Retirement to Lily? [47:34]

Episode conclusion. [50:46]

Ep 094: On today’s episode, we venture into a topic that all of us know one way or another, adversity. Throughout our lives, we spend countless hours planning for monumental life goals. We take time planning to carefully map out how we want our lives to play out. But, what happens when the things we strive towards for years, don’t happen at all? This emotional rollercoaster can be especially amplified when it comes to retirement. We spend decades planning our retirement and accumulating expectations, but then life throws us a curveball. Maybe we don’t have the money to carry out our plans, maybe we can’t live where we want, or maybe our health or the health of our family members declines. On today’s episode, we’re going to talk about what to do when things REALLY don’t go as planned.

Our guest today is a self-made entrepreneur who has dedicated his life to helping others by sharing his own story of dedication, resiliency, and faithfulness. He is the founder and CEO of The Adversity Academy, which is a coaching and consulting firm that helps individuals and businesses turn their challenges into opportunities. Our guest has graced several magazines such as Forbes, FOX, New York Times, and Entrepreneur Shark. He currently hosts The Overcoming Adversity Podcast and has been able to share his exact steps for overcoming adversity in his book, Overcoming Adversity: Getting Your Life Back on Track. Please welcome Michael Allison to The Retirement Success in Maine Podcast!

Chapters:

Welcome, Michael Allison! [3:10]

What is Michael’s process to overcome adversity? [20:45]

What is the end goal that we strive for when we overcome adversity? [35:36]

How important is it to keep in perspective other people’s adversity versus our own? [41:18]

What role do other people play in helping us overcome our own adversity? [50:20]

How is Michael going to find his own Retirement Success? [56:18]

Episode Conclusion. [59:20]

Ep 093: Maine offers a lot of unique opportunities for those looking to acquire real estate. Whether you're interested in growing your real estate portfolio, purchasing a rental property, or finding a second home to escape to, you've come to the right place. With more people working remotely, and Maine experiencing an influx of new residents, how is this trend effecting our real estate? For those who already own real estate in Maine, there can be questions regarding when to sell or how national trends will impact our region. On today's episode, we're going to unravel the strategies, challenges, and potential rewards of investing in real estate.

Our guest brings a wealth of knowledge and expertise to the table. He currently serves as the Chief Executive Officer and Chief Investment Officer at Union Square Capital Partners, a firm specializing in real estate fund management. Our guest holds a Certificate in Commercial Real Estate from NYU’s Schack Institute of Real Estate. Please welcome Tom Miller to The Retirement Success in Maine Podcast!

Chapters:

Welcome, Tom Miller! [2:20]

Introduction to Union Square Capital Partners (USQ). [5:24]

What are some trends that Tom is seeing nationally around read estate? [7:48]

How is property like Timberland typically valued? [15:53]

Compare and contrast real estate investing through a fund versus privately. [21:49]

What trends is Tom seeing around Shopping Mall Real Estate? [33:57]

What has the market been like for second, luxurious home purchases? [37:52]

How will Tom find his personal Retirement Success? [45:00]

Episode Conclusion. [46:50]