Apr 6, 2019
1 Timothy 5:8 says, “Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.” This week, Robby talks about how this verse is more relevant to him now. He is no longer ignorant about Medicare and long term care. Robby feels like it is his responsibility to share his personal story so that other people don't find themselves where he was without a plan.
Your chances of needing long term care is either 0% or 100%, but Hans stressed that we focus too much on the statistics. What really is going to motivate you to make a plan is the consequences on your family, because those are the people you love.
Hans talks about a conference about long term care that he recently attended. In one section, he learned about the 5 consequence to family caregivers, which are:
- Providing care impacts the emotional and physical well-being of caregivers
- Providing care to chronically ill individuals makes healthy caregivers chronically ill
- Extended care compels a child or children to place aside their lives
- It creates ill feelings between those siblings that help and those that do not
- Extended care does not bring families together…it tears them apart
With a plan for long term care, we cannot make all these things go away, we can mitigate some of this stuff. Robby talks about his own situation and agreed with all these points. He talks about his sibling relationships now as well as how thankful he was to have time with his father. It has opened his eyes to how important it is to have a plan.
We are at some time going to finish, and finishing well takes some planning. Find the right person to help you make this plan.
Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free!
You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.