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Welcome back to Planning Reimagined, now reimagined for real-life stories, shorter episodes, and actionable insights.
In this episode, Celeste Moya and Kris Stegall share the story of Philip and Danielle Lawson (names changed), a couple in their 40s who thought their planning boxes were checked… until they realized one major blind spot: long-term care for aging parents.
When Philip’s parents, living on pensions and Social Security, faced potential care needs, the couple discovered just how quickly those costs could derail their own goals for college savings, retirement timelines, and charitable giving.
Celeste and Kris walk through:
- Why long-term care is one of the most underplanned risks in family wealth
- What Medicare and Medicaid actually cover (and what they don’t)
- The difference between traditional and hybrid LTC solutions
- How “inefficient” assets (like old annuities) can be repositioned to triple care value
- And how multi-generation planning protects not only parents, but your children’s future too
They also explore the emotional side, including how caregiving can strain families, drain assets, and fracture relationships, and what you can do now to prevent it.
Key Takeaways:
- 75% of people over 65 will need some form of long-term care
- LTC costs rise faster than general inflation (≈4.6% annually)
- Hybrid life insurance and annuity designs can turn dormant assets into 3–4× care leverage
- Proactive planning protects *three generations* — parents, you, and your kids
Resources
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Learn more at https://www.robinglen.com
Disclaimer
This podcast is for educational purposes only and should not be considered tax, legal, or investment advice. Please consult your professional advisors regarding your personal situation.
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