Childfree Life by Design
Childfree Life by Design is the podcast for Childfree people ready to forge their own bold paths with intention.
Your hosts, experts in life planning and financial management, have signed your permission slip to think differently about your life, and bring you clear, practical guidance to make your plans a reality.
Each episode breaks down the lifestyle choices, financial decisions, and long-term planning considerations Childfree adults like you need to shake off our culture's outdated assumptions and expectations.
Whether you're refining your financial plan, redefining what family means to you, or reexamining your values, this is your source for the inspiration and tools to finally ditch the Standard LifeScript and write your own.
DISCLOSURE: This podcast is for educational and entertainment purposes. Please consult your advisors before implementing any ideas heard on this podcast. For more information and disclosures, visit https://childfreewealth.com
Childfree Life by Design
Who Takes Care of You When You Can't? Long-Term Care Planning with Scott Barnes, CFP®, CLTC®, Ep. 147
Long-term care is one of the most complicated and overlooked parts of financial planning, especially when you're Childfree. Without kids to step in, who actually takes care of you when you can’t? In this episode, Dr. Jay sits down with Scott Barnes, CFP® and CLTC®, to explore what care really costs, what insurance does (and doesn’t) cover, and how to start building a plan you can trust.
We'll cover:
[1:21] Talking to your partner or planner about future care
[2:41] Why Medicare won’t help and Medicaid only steps in once you’re broke
[5:07] How much to set aside if you plan to self-fund
[6:28] When it makes sense to consider long-term care insurance
[12:08] Who qualifies for coverage and when to apply
[14:47] What insurers look for and how to avoid being denied
[17:59] Why Medicaid beds are hard to find in nicer facilities
[20:14] What to consider if you never end up using your coverage
[22:34] The consequences of waiting too long to plan
[25:05] What to do if you don’t qualify for insurance
[26:48] The difference between standalone and combo long-term care products
[27:38] What to watch out for when speaking to insurance brokers
This episode also includes a sneak peek at Childfree Trust®, a new service launching soon to serve as your power of attorney, executor, or trustee if you don’t have anyone to fill those roles. If you’ve ever wondered how to make long-term care decisions when you're solo, this one’s for you.
Mentioned in this Episode:
* Childfree Trust waitlist: https://childfreetrust.com/
* Schedule your Childfree Wealth® Checkup: https://Childfreewealth.com/schedule-a-checkup/
* Read more about long-term care: https://childfreewealth.com/resources/long-term-care-childfree/
* Get a quote for long-term care insurance through LLiS: https://allis.llis.com/quoterequest
* Dr. Jay’s Book "Portraits of Childfree Wealth": https://a.co/d/e4vLB2v
About Childfree Life by Design:
Childfree Life By Design is dedicated to helping Childfree individuals thrive by providing resources, guidance, and community. We recognize that when you've made a decision roughly 75% of the population doesn't make, conventional wisdom simply doesn't apply to you. Our mission is to help you design a life that works for you, covering everything from finances and relationships to career decisions and building support networks that will actually be there when you need them.
Connect with Us:
Ready to design your ideal Childfree life? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com
Join the conversation on social media:
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LinkedIn: https://www.linkedin.com/company/childfreeinsights
YouTube: https://www.youtube.com/@ChildfreeInsights
Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast...
