How likely are you to need Long-Term Care? Chris Boyd and Jeff Perry dig into the
data on the average incidence and duration of long-term care needs and who is most
likely to have a severe, sustained, long-term care incident. During this episode, Chris and
Jeff review a recent article from Morningstar (see link below) which outlines the
likelihood of a sixty-five-year-old needing some type of long-term care. The
conversation reviews several data points including wealth level, marital status, gender,
and self-reported health status. Chris concludes the discussion by explaining how the
issue of potential long-term care needs properly fits into a comprehensive financial plan.https://www.morningstar.com/retirement/how-likely-are-you-need-long-term-care

For more information or to reach Chris Boyd or Jeff Perry, click the below link:

https://www.wealthenhancement.com/s/advisor-teams/amr

Which of these things doesn't belong? – Do you know what types of investments are
legally prohibited from being in an individual retirement account (IRA)? Chris Boyd
and Jeff Perry outline in detail the various categories of investments that are not allowed
to be inside an IRA. The conversation turns to a detailed dialogue of investments that
may be lawfully allowed but may not be a wise choice for an IRA. Topics covered in this
in-depth episode include life insurance, collectibles, sub-chapter S Corporations, margin
accounts, REITs, and municipal bonds.

For a related conversation on this subject, check the link below from the “Great
Retirement Debate”:

https://open.spotify.com/episode/5XOonBS5q4DH9TtfJRriVk?si=FUlKkj3BQlmrhFIxC
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For more information or to reach Chris Boyd or Jeff Perry, click the below link:
https://www.wealthenhancement.com/s/advisor-teams/amr

Including family in your financial planning – While many people wish to keep their
financial planning completely private, as one ages, it can be prudent to inform family
members of your financial planning, estate planning, and help that may be needed from
the family. Chris Boyd and Jeff Perry dig into this subject as Chris shares a personal
story about his oldest client who recently passed away. The conversation includes
situations when bringing your family together to be a part of financial planning can be a
good way to foster open communication about finances, personal choices, and lessening
potential family conflict.
For more information or to reach Chris Boyd or Jeff Perry, click the below link:
https://www.wealthenhancement.com/s/advisor-teams/amr