481 | Mailbag: Long-Term Care, Aging Parents and their Finances | Danielle Miura | ChooseFI | lystn

481 | Mailbag: Long-Term Care, Aging Parents and their Finances | Danielle Miura

In this episode: caregiving and FI, retirement planning, reverse mortgages, long-term care, and long-term care insurance.

This week we are joined by Danielle Miura to discuss how her experience as a caregiver has impacted her FI mindset, as well as answer listener questions pertaining to planning for your own long-term care while on the path to FI. As you and your loved ones get older, it’s important to start considering what additional finances they may require. From long-term healthcare to assisted living, there are many factors that not only impact their life financially, but could impact you and your FI plans. While it may be uncomfortable to have conversations with loved ones about their finances and expenses, it is imperative to have these discussions early and create a plan that works for you and your family.

Danielle Miura:

Website: spark-fin.com
LinkedIn: Danielle Miura
Twitter: @Daniellemiula

Timestamps:

1:19 – Introduction
2:22 – Caregiving and FI
7:28 – Dealing With Poor Retirement Planning
15:38 – Reverse Mortgages and Viability of Selling The Home
21:41 – Having The Uncomfortable Conversation
24:40 – Planning For Your Final Years
32:41 – Long-Term Care and FI
36:10 – Long Term Care Insurance
45:30 – Conclusion

Resources Mentioned In Today’s Episode:

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