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This is an excellent new podcast to add to the queue. Legendary Ed “Coin” Slott and the upstart Jeff Levine have outstanding chemistry and knowledge. The length of these is ideal as well.
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I took some time today to listen to your show!! a great retirement debate with Ed Slott and Jeffrey Levine is a fantastic podcast with great info, advice, and perspectives. You won't regret listening to and learning from the podcast.
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Every single episode I take away at least one helpful piece of advice. This is a must listen to podcast.
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Fun podcast where it’s helpful to hear two sides of commonly debated subjects
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Neither person in the LTCI vs self-funding debate mentioned the long waiting period for LTCI payments. The majority of LTCI plans have waiting periods of at least 9 months. This time interval is measured from the date of need (as determined via written medical opinion). A longer waiting period (15 months, for example) would result in a lower LTCI premium.
The important issue is the survival rate from the “date of need” to the “date of payment.” This is often fairly low, meaning your chances of needing it decline because your risk of dying is higher - especially if you choose a 15- or 24-month waiting period.
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