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

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

Published: March 11, 2024, 5 a.m.

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\u2019s 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: Timestamps:
  • 1:19 \u2013 Introduction
  • 2:22 \u2013 Caregiving and FI
  • 7:28 \u2013 Dealing With Poor Retirement Planning
  • 15:38 \u2013 Reverse Mortgages and Viability of Selling The Home
  • 21:41 \u2013 Having The Uncomfortable Conversation
  • 24:40 \u2013 Planning For Your Final Years
  • 32:41 \u2013 Long-Term Care and FI
  • 36:10 \u2013 Long Term Care Insurance
  • 45:30 \u2013 Conclusion
Resources Mentioned In Today\u2019s Episode: More Helpful Links and FI Resources: