This week, Gerry and Heidi discuss the importance of planning for long-term care as part of retirement. They share personal concert experiences to lighten the mood before diving into the serious topic of long-term care, emphasizing that 70% of people will need some form of care in their lifetime. The conversation highlights the misconceptions surrounding Medicaid and the necessity of understanding financial and health qualifications for long-term care. They stress the importance of having a plan in place to relieve the burden on family members and ensure that personal wishes are respected in the event of needing care.
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