LTC is in Trouble, Here's How to Protect Yourself

Federal employees have experienced the increase in premiums for the John Hancock FLTCIP, and this is just the beginning. LTC is becoming a bigger risk every year. In this video, Thiago and Ben discuss how feds should think about LTC, the costs affiliated, and how to protect themselves. 0:00 Intro 0:40 Question from feds 1:10 What is considered at LTC 3:08 How to afford this expense 5:15 The current state of the industry 8:30 What are the costs should you expect 15:16 What age should you consider LTC insurance 18:19 What are some ways to address LTC risk 24:00 How hybrid policies are helping 26:30 Paying for LTC yourself with self-insuring 32:08 Ben Green Ben Green's contact: [email protected] 📲 FREE Newsletter: https://thefedcorner.com/federal-reti... HOW TO INVEST YOUR TSP WHEN YOU HAVE A PENSION:    • How to Invest TSP When You Have a FERS Pen...   WHEN TO AVOID THE ROTH:    • 5 Reasons to AVOID the Roth TSP (and Roth ...   THE RIGHT WAY TO USE YOUR TSP:    • The RIGHT Way to Use the TSP   ----------------------------------------------------------------------------------------------------------------------- 📺 Want to see more of our videos? Click here: https://www.youtube.com/thefedcorner?... 💡 Want articles on planning your federal retirement? Click here: https://thefedcorner.com/ 📍 If you're interested in how our team of Certified Financial Planner (CFP) professionals help federal employees have better retirements, learn more here: https://thefedcorner.com/about-rmg ----------------------------------------------------------------------------------------------------------------------- The Fed Corner is a purpose built channel of information and financial planning strategies specifically designed for federal employees. We're fiduciary financial planners by trade, and we talk about money, building wealth, navigating your federal benefits, financial planning, the economy, the markets, and more. The things we talk about on here are not to be taken as advice, visit our site for disclosures and seek help from appropriate advisors. Copyright © 2023 The Fed Corner - All Rights Reserved. Investment Advisory services offered by Risk Management Group d/b/a RMG Advisors, a registered investment adviser. Reviewing, posting, commenting or otherwise engaging on this site is not intended to be endorsements of RMG, our advisors or our services, and are not compensated. Activity on this site is not a substitute for working one-on-one with an investment advisor and does not constitute an engagement. RMG only provides advisory services when a financial services agreement has been executed. Please be aware that while we monitor comments and “likes” left on this page, we do not endorse or necessarily share the same opinions expressed by site users. #TSP #federalretirement #federalemployees