Truth Network Podcasts : Long-term care

Podcasts

The following listen on-demand podcasts matched your search results for: Long-term care

Finishing Well

Hans Scheil

June 14, 2025

When nearing retirement, individuals often face challenges in managing their IRA or 401k funds. Certified financial planner Hans Scheil discusses the advantages of using a Roth IRA versus cash value life insurance to freeze taxes on retirement funds and provide tax-free inheritance for beneficiaries. He explains how these financial tools can be used to diversify investments, provide long-term care benefits, and offer flexibility in accessing funds during retirement. [... more]

Finishing Well

Hans Scheil

June 07, 2025

Comprehensive Financial Planning Includes Long Term Care Insurance

Comprehensive financial planning includes long-term care insurance, which is a crucial aspect of retirement planning. Without proper planning, families can face serious consequences, including financial strain, caregiver burnout, and irreversible damage to relationships. Long-term care insurance can provide peace of mind and support for individuals and their loved ones, ensuring that they receive the care they need without compromising their financial security. [... more]

Finishing Well

Hans Scheil

May 31, 2025

Medicare Supplement (Medigap)-Plan G-HDG-Plan N

Managing Medicare Supplement plans can save you money, especially if you've had the same plan for three or four years. Certified financial planner Hans Scheil explains how to shop for the best rates and coverage, including the differences between Plan G, Plan N, and the high deductible Plan G. He also discusses the importance of reviewing your plan every three to four years to ensure you're not overpaying for your coverage. [... more]

Faith And Finance

Rob West

April 25, 2025

5 Smart Tips for a Budget-Friendly Family Vacation with Crystal Paine

Planning ahead and setting a clear budget are key to having a great family vacation without breaking the bank. Experts recommend considering off-peak destinations, using free activities, and involving the family in planning to make the most of your trip. Additionally, being strategic about meals and setting a daily spending limit can help you stay within your means. When it comes to long-term care, it's essential to consider your options and plan ahead to ensure you're prepared for the unexpected. [... more]

Finishing Well

Hans Scheil

April 19, 2025

Long Term Care Insurance With Inflation-Cost

Long-term care insurance with inflation-cost is a critical part of your financial plan, especially when it comes to protecting your family. Without a plan, you may end up with a bag of holes, leaving your family to figure out how to handle the consequences of a long-term care event. [... more]

Finishing Well

Hans Scheil

April 12, 2025

4 Steps To Medicare & Insurance At Age 65

Understanding Medicare and making informed decisions about insurance and financial planning is crucial for a successful retirement. Hans Scheil, a certified financial planner, explains the four steps to Medicare and insurance at 65, including becoming educated on Medicare, understanding the pluses and minuses of original Medicare and Medicare Advantage, and comparing costs and benefits. [... more]

Faith And Finance

Rob West

March 25, 2025

Using a Reverse Mortgage for an Early Inheritance with Harlan Accola

Using a reverse mortgage for an early inheritance can be a strategic financial planning tool, allowing homeowners to give away part of their home value while alive without risking ownership or ability to live in the home. It's essential to consider long-term health care planning, tax implications, and overall financial goals when making this decision. Additionally, protecting credit files and scores is crucial to prevent identity theft and ensure financial stability. [... more]

Faith And Finance

Rob West

March 12, 2025

Navigating Finances in Blended Families with Ron Deal and Greg Pettys

Navigating financial decisions in blended families can be complex, but a togetherness agreement can provide clarity and unity in marriage. This agreement helps couples merge their financial histories, debt, and investments while merging relationship, children, and parenting styles. By creating a roadmap for financial conversations and decisions, couples can eliminate fear and create a mutual respect, ultimately leading to a more loving and respectful marriage. [... more]

Faith And Finance

Rob West

March 04, 2025

Frustrated with Traditional Healthcare? with Lauren Gajdek

Many Americans are dissatisfied with their health insurance, seeking alternatives that align with their faith and values. Christian Healthcare Ministries offers a budget-friendly, biblical, and compassionate healthcare cost-sharing option. Meanwhile, individuals struggle with debt, seeking advice on debt management and credit counseling, while others navigate elder law and long term care insurance to secure their financial futures. [... more]

Finishing Well

Hans Scheil

March 01, 2025

Why Long-Term Care Insurance?

Managing long-term care costs is a crucial aspect of retirement planning, and financial advisors like Hans Scheil emphasize the importance of having a plan in place. He shares stories of individuals who have faced the challenges of long-term care, including a client who bought long-term care insurance and was able to access it when needed. Hans also discusses common excuses people give for not planning for long-term care, such as thinking they can self-insure or that their children will take care of them. He stresses the need to have a plan in place to protect one's family and finances from the burden of long-term care. [... more]

Finishing Well

Hans Scheil

February 01, 2025

Estate Planning At 65 Using Life Insurance

Estate planning at 65 using life insurance can provide tax-free death benefits, long-term care insurance, and a bank of money with liquidity that can be borrowed at 0% interest. This strategy can also provide a tax-free income through loans and serve as a secret way to leave money to beneficiaries without involving other estates. [... more]

Finishing Well

Hans Scheil

January 25, 2025

Retirement Income Which Lasts A Lifetime

Creating a sustainable retirement income stream through annuities and financial planning, while also addressing long-term care and tax implications, can provide peace of mind and ensure a comfortable lifestyle in old age. [... more]

Faith And Finance

Rob West

January 21, 2025

Guidance For Economic Disruption with Mark Biller

Rob West discusses the potential impact of President Trump's second term on the economy and investors with Mark Biller, executive editor at Soundmind Investing. They examine the market trends, interest rates, and inflation, and provide insights on how to navigate the anticipated disruption. [... more]

Faith And Finance

Rob West

January 14, 2025

6 Steps When A Loved One Passes

When a loved one passes away, it's essential to take the right financial steps to settle their estate. Rob West provides guidance on the six financial steps to take, including obtaining a death certificate, notifying financial institutions, and filing a petition to begin the probate process. He also emphasizes the importance of prayer and seeking wisdom in this challenging time. [... more]

Finishing Well

Hans Scheil

January 11, 2025

Long-Term Care Insurance - Purchased With IRA Money

Managing long-term care insurance with IRA money is a crucial aspect of retirement planning. A hybrid life-long-term care policy can provide a substantial benefit for home health care or nursing home care, covering a lifetime of long-term care needs. This policy can be purchased with IRA money, spreading out the taxation over 10 years and providing a death benefit of $176,000, paid tax-free to beneficiaries. [... more]

Finishing Well

Hans Scheil

January 04, 2025

Medicare 101-Sign Up And Insurance

When signing up for Medicare, it's essential to make informed decisions about when to enroll, how to enroll, and what type of coverage to choose. Understanding the different parts of Medicare, such as Parts A and B, and the various types of supplemental insurance available can help individuals make the right choices for their needs and avoid lifetime penalties. A certified financial planner can provide guidance on navigating the complexities of Medicare and help individuals create a plan that will serve them well throughout their retirement. [... more]

Faith And Finance

Rob West

December 12, 2024

Stories of Hope for India's Trafficked with David Harms

Millions of underage girls are trafficked and sold in India, driven by poverty and exploitation. Organizations like India Partners are working to rescue and restore these girls, providing safe houses and the transformative power of Jesus to bring healing and hope. [... more]

Finishing Well

Hans Scheil

November 23, 2024

Roth IRA Conversion Up To A 24% Tax Bracket

Certified financial planner Hans Scheil explains how Roth IRA conversions can save individuals and their heirs millions of dollars in taxes by converting pre-tax money to post-tax money while tax rates are low, allowing for tax-free growth and inheritance. [... more]

Finishing Well

Hans Scheil

November 16, 2024

Retirement Income Plan

A couple, Tom and Chelsea, work with a financial planner to create a retirement income plan that ensures they have enough money to last through their 80s and 90s, considering factors such as Social Security, annuities, long-term care, and inflation. [... more]

Finishing Well

Hans Scheil

November 09, 2024

5 Examples of Long Term Care With Rates

Long-term care is a crucial aspect of financial planning, especially for retirement. Certified financial planner Hans Scheil discusses various insurance options, including indemnity policies, reimbursement policies, and annuity policies, to help individuals prepare for long-term care costs. He emphasizes the importance of understanding the benefits and costs of each policy, as well as the impact of inflation on long-term care expenses. [... more]

Finishing Well

Hans Scheil

October 26, 2024

Social Security Maximization

Maximizing Social Security benefits requires careful planning and consideration of long-term consequences. Certified financial planner Hans Scheil discusses strategies for couples and individuals to optimize their Social Security checks, including delaying benefits and using retirement savings to supplement income. By understanding the impact of their decisions on their financial future, individuals can make informed choices to secure their retirement and achieve financial peace of mind. [... more]

Faith And Finance

Rob West

October 25, 2024

Can't Serve God and Money with Taylor Standridge

Financial anxiety is a common struggle, but God's word offers peace and guidance through teachings on money and anxiety. Exploring the heart of scripture, we learn that peace comes from trusting in God's provision and grace, not from having enough money. A devotional on financial fear and anxiety invites us to journey with God's word, reminding us that our ultimate source of security and peace is found in him. [... more]

Faith And Finance

Rob West

October 11, 2024

Renewing Your Joy in Generosity

Christian generosity is about serving a different Master, imitating God's love, and being radically, sacrificially, and joyfully generous. Cultivating a biblical attitude about giving, such as secret, open-handed, cheerful, loving, and sacrificial, can bring spiritual benefits and fill us with joy from the Holy Spirit. [... more]

Finishing Well

Hans Scheil

September 28, 2024

Can't Get Long Term Health Care Insurance Because of Health?

God has provided a way for people with chronic diseases to get long-term care insurance, which can be a blessing for those who thought they were unable to qualify. An annuity product is used to underwrite long-term care insurance, allowing people with certain conditions to get approved. This product is available in 43 states and can provide tax-free benefits for long-term care. [... more]

Finishing Well

Hans Scheil

September 14, 2024

Retirement Plan Decisions Once You Reach 64 1/2

Decisions in each area of retirement planning, such as Social Security, Medicare, long-term care, 401k, IRA, and estate planning, can affect other areas and require careful consideration to make right decisions and achieve a secure financial future. [... more]

Finishing Well

Hans Scheil

August 24, 2024

Annuity Income Rider

Guaranteed income for life can be achieved through annuity income writers, which provide a steady stream of income in retirement. Financial planners like Hans Scheil use these products to help clients create a sustainable income stream, taking into account factors such as Social Security benefits, long-term care needs, and insurance products. By delaying the start of income, clients can increase their payout and create a more secure financial future. [... more]

Faith And Finance

Rob West

August 19, 2024

"Bible Verses" That Aren't Actually In The Bible

Biblical wisdom for financial decisions emphasizes trusting God's provision and peace, even in hard circumstances. It encourages capital preservation, focusing on hanging onto money rather than high returns, and growing it modestly to continue taking income. Long term care insurance is considered a good idea for those with assets between $200,000 and $2 million, as it can help with the high costs of care. Self-funding and using other assets, such as pensions and social security, can also be viable options. [... more]

Faith And Finance

Rob West

July 30, 2024

Helping Parents and Grandparents with Harlan Accola

Discussing the importance of leaving a spiritual inheritance and character capital to children, rather than just focusing on financial wealth. Exploring how reverse mortgages can be used to maintain lifestyle and accelerate giving, while also addressing misconceptions and myths surrounding these financial tools. [... more]

Finishing Well

Hans Scheil

July 06, 2024

200 Thousand Dollar Annuity 10 Years Later

A couple's financial planner discusses the benefits of investing in an annuity to ensure a steady income in retirement, including the potential for tax-free income and long-term care benefits. [... more]

Faith And Finance

Rob West

June 26, 2024

The Message of the Widow's Oil with Sharon Epps

The story of the widow's oil in 2 Kings 4 is a powerful illustration of God's provision and our role in financial stewardship. Sharon Epps, president of Kingdom Advisors, explains how the widow's faithfulness and obedience to God's instructions led to a miraculous provision of oil, and how we can apply these principles to our own lives, including relying on God, seeking wise counsel, and being faithful to His instruction. [... more]

Finishing Well

Hans Scheil

June 22, 2024

Long Term Care Insurance Pay For It Yourself

Considering long-term care options can be overwhelming, especially for those who are well-to-do and think they can pay for it themselves. However, this approach can lead to financial strain on family members and inadequate care. Certified financial planner Hans Scheil discusses the importance of long-term care insurance and how it can provide tax benefits, quality care, and peace of mind for individuals and their families. [... more]

Faith And Finance

Rob West

June 20, 2024

Avoiding The Most Common Retirement-Planning Mistakes with Mark Biller

Mark Biller joins Rob West to discuss the most common retirement planning mistakes, including underestimating the impact of inflation, investing too conservatively, and overestimating investment income. They also touch on the importance of planning for at least two decades of retirement and accounting for health care costs. [... more]

Faith And Finance

Rob West

June 18, 2024

Managing Assets After a Disability with Valerie Hogan

Preparing for a disability or incapacitation requires careful planning, including disability insurance, durable power of attorney, and a will or trust. It's also essential to consider tithing and giving to honor God with one's finances. A godly financial advisor can provide guidance on making wise financial decisions and managing assets. [... more]

Faith And Finance

Rob West

June 06, 2024

3 Money Moves of Solomon

King Solomon's wisdom on financial stewardship is timeless, emphasizing the importance of discipline, denial, and determination in managing God's resources. These principles can be applied to various aspects of life, including managing finances, making long-term care decisions, and leaving a legacy for future generations. [... more]

Faith And Finance

Rob West

June 06, 2024

3 Money Moves of Solomon With John Putnam

Rob West discusses financial wisdom from King Solomon's money moves, including being disciplined, denying oneself, and being determined. He also answers listener questions on long-term care insurance, investment portfolios, and the national debt, while exploring the impact of artificial intelligence on the economy. [... more]

Faith And Finance

Rob West

May 21, 2024

Lessons From Today’s Retirees with Matt Bell

Many people are confident about their retirement prospects, but a disconnect between worker optimism and actual preparedness exists. Inflation and potential changes to the American retirement system are top concerns. Workers can learn from today's retirees, who often retire earlier than planned due to health issues or changes at work. Building a realistic retirement plan and communicating with spouses about financial goals are essential steps towards a comfortable retirement. [... more]

Faith And Finance

Rob West

May 16, 2024

Pros and Cons of Using a Credit Union

Rob West discusses the pros and cons of credit unions, including their member-owned cooperative structure and safety features. He also addresses questions on financial planning, stewardship, and long-term care insurance, including the use of special needs trusts. [... more]

Faith And Finance

Rob West

May 16, 2024

Pros and Cons of Using a Credit Union With Aaron Caid

A young couple struggles to balance their budget and build an emergency fund despite having no debt and a stable income. A financial expert offers guidance on how to prioritize their finances and create a plan to achieve their goals, while also addressing concerns about health insurance and long-term care. [... more]

Faith And Finance

Rob West

May 13, 2024

All The Insurance You Need

When choosing a financial advisor, consider someone who aligns with your biblical values and takes the time to explain your options. Certified Kingdom Advisors meet high standards in competence and integrity, offering biblical financial advice. Understanding insurance needs, such as auto, homeowners, health, and long-term care, is crucial, as is managing debt and creating a budget. Stewardship and money management are key to financial success, and starting with a biblical perspective can simplify the process. [... more]

Faith And Finance

Rob West

May 06, 2024

Are You Buying into Busyness?

Navigating the complexities of long-term care insurance and financial scams can be overwhelming, especially during times of stress and uncertainty. Rob West and his team offer practical advice and guidance on how to protect oneself from financial scams and fraud, while also exploring strategies for managing student loans and debt. Additionally, they discuss the importance of retirement planning and investment strategies to ensure a secure financial future. [... more]

Finishing Well

Hans Scheil

May 04, 2024

Long Term Care Annuity

A new annuity strategy for long-term care benefits is discussed, focusing on people who have difficulty qualifying for traditional long-term care insurance due to health conditions. The annuity offers a unique qualification process, looking at mobility and memory tests instead of health history, and provides tax-free benefits for long-term care needs. [... more]

Faith And Finance

Rob West

April 30, 2024

Advantages of Online Banking

Faith and Finance Live explores the intersection of biblical wisdom and financial decisions, offering guidance on online banking, faith-based banking, and estate planning, while also addressing complex issues like capital gains, probate, and long-term care insurance. [... more]

Finishing Well

Hans Scheil

April 20, 2024

Take Social Security Early or Wait Until 70?

Delaying Social Security can have a significant impact on one's retirement income. Certified financial planner Hans Scheil explains the benefits of waiting until age 70 to take Social Security, including a 24% bonus on the full retirement benefit. He also discusses the importance of considering one's job prospects and income before taking Social Security early, and the potential penalties for doing so. [... more]

Faith And Finance

Rob West

April 08, 2024

Financial Options for Seniors with Harlan Accola

Harlan Akula discusses the benefits of reverse mortgages as a planning tool for seniors, including reducing Medicare premiums, covering long term care costs, and accessing home equity to stay in their homes. He also touches on the importance of retirement planning and debt management in this season of life. [... more]

Faith And Finance

Rob West

March 22, 2024

Preparing Your Child for College and Beyond

Helping your teenager navigate the college transition requires open communication about finances, budgeting, and credit cards. As they enter adulthood, discuss career choices, life in the real world, and the importance of financial independence. Meanwhile, for those nearing retirement, consider annuities and long-term care to ensure a secure income stream and peace of mind. [... more]

Finishing Well

Hans Scheil

March 16, 2024

Long Term Care, A Caregiver's Story

A caregiver story highlights the importance of having a clear plan in place for long-term care, including a letter that outlines preferences for care, finances, and spiritual matters, to help loved ones make informed decisions and avoid potential conflicts. [... more]

Finishing Well

Hans Scheil

March 02, 2024

Social Security Statement For 2024

Understanding your Social Security statement is crucial for making informed decisions about retirement. The statement reveals three basic benefits: retirement, disability, and survivor benefits. Knowing your full retirement age and the amount you can collect at that age is essential. Delaying Social Security benefits can result in a higher monthly check, which can be a significant advantage in retirement. By considering the long-term implications of taking Social Security early, individuals can make more informed decisions about their financial future. [... more]

Finishing Well

Hans Scheil

January 27, 2024

Long Term Care Life Insurance Purchased With IRA 401K Money

Certified financial planner Hans Scheil discusses the benefits of purchasing long-term care insurance with IRA money, explaining how it can provide a tax-free way to fund long-term care expenses and leave a refund to beneficiaries if not used. He also explores alternative options, including short-term care recovery insurance, and emphasizes the importance of planning for long-term care to avoid financial burdens on family members. [... more]

Faith And Finance

Rob West

January 10, 2024

A Tale of Two Widows With Harlan Accola

Widows often face financial difficulties after their spouse's death, with many ending up in poverty. Reverse mortgages can be a planning tool to help widows access their home equity, but they are often misunderstood. Harlan Akula discusses the benefits of reverse mortgages, including providing peace of mind and creating capacity for generosity, while also addressing social security implications and long-term care needs. [... more]

Finishing Well

Hans Scheil

December 30, 2023

All 7 Worries

Decisions made in retirement can affect not only the individual but also their children and children's children. Understanding the biblical precedent of making choices, such as serving God or seeking His kingdom, is crucial. The seven worries in retirement planning include Social Security, Medicare, long-term care, 401k and IRA, income, estate planning, and taxes. Each of these areas is interconnected and requires careful consideration to ensure a secure financial future. [... more]

Finishing Well

Hans Scheil

December 23, 2023

3 Retirement Income Annuities

Certified Financial Planner Hans Scheil discusses three types of retirement income annuities: single premium immediate annuity, fixed indexed annuity, and multi-year guaranteed annuity. He explains how these tools can be used to create a guaranteed income for life, supplement Social Security, and manage long-term care costs. [... more]

Finishing Well

Hans Scheil

December 09, 2023

Long Term Care By The Numbers

The concept of long-term care is explored, discussing statistics and facts about long-term care claims, including the likelihood of needing care, the average length of care, and the reasons for long-term care claims. The importance of planning and preparing for long-term care is emphasized, and the role of insurance and financial planning is discussed. [... more]

Faith And Finance

Rob West

December 08, 2023

Giving Guidelines To Fight Materialism With Randy Alcorn

Randy Alcorn shares 11 guidelines for giving based on the New Testament, emphasizing the importance of generosity, stewardship, and breaking the grip of materialism. He discusses how giving cultivates thankfulness, happiness, and a deeper relationship with God. [... more]

Faith And Finance

Rob West

November 23, 2023

Have a Grateful Thanksgiving

In times of hardship, it's easy to lose sight of the blessings we have. The Puritans' first Thanksgiving in 1621 was a celebration of survival and God's provision, despite the difficulties they faced. Similarly, today's guests share their struggles with debt, medical expenses, and financial uncertainty, but also their faith in God's ability to provide for them. Join Rob West and his team as they explore the intersection of faith and finance, offering practical advice and biblical wisdom for navigating life's challenges. [... more]

Finishing Well

Hans Scheil

October 21, 2023

Long Term Care Insurance From Your 401k Or IRA

Long-term care insurance can provide lifetime benefits for couples, protecting their family from financial burden and ensuring they receive the care they need. This type of insurance can be funded using 401k or IRA money, offering a death benefit if the policyholders never need care. With a hybrid policy, individuals can set aside funds from their retirement accounts to cover long-term care expenses, providing peace of mind and financial security for their loved ones. [... more]

Finishing Well

Hans Scheil

September 23, 2023

Income Tax For Life Insurance Annuities And Hybrid Long Term Care

Certified financial planners Hans Scheil and Tom Griffith discuss the tax benefits of life insurance, annuities, and hybrid long-term care policies, explaining how these products can help individuals and families plan for the future and avoid unnecessary taxes. [... more]

Faith And Finance

Rob West

September 22, 2023

Is Your Bank Unbiblical, Pt. 2 With Aaron Caid

Christians are seeking banking alternatives that align with their values, and one option is Christian Community Credit Union, which uses member deposits to support Christian charities and ministries. Meanwhile, a listener asks about retirement investments and fees, and another discusses selling a property to fund long-term care insurance. [... more]

Finishing Well

Hans Scheil

September 16, 2023

Estate Planning For The Surviving Spouse

When the first spouse passes away, the surviving spouse faces a significant reduction in income, including Social Security checks, and an increase in taxes, which can be devastating. Certified financial planners, Hans Scheil and Tom Griffith, discuss the importance of estate planning to prepare for this scenario and provide tools such as life insurance, lifetime annuities, and Roth conversions to help the surviving spouse maintain a comfortable lifestyle. [... more]

Faith And Finance

Rob West

September 15, 2023

When Spouses Invest Together with Rachel McDonough

When it comes to investing, couples often have different approaches, with men tending to focus on big picture retirement planning and women focusing on safety and relational components. Certified Financial Planner Rachel McDonough discusses the benefits of making investment decisions together, highlighting the importance of considering both spouses' values, priorities, and perspectives. [... more]

Finishing Well

Hans Scheil

August 26, 2023

The Long View Of Long Term Care

Hans Scheil and Tom Griffith share their personal stories of dealing with long-term care, highlighting the importance of planning and insurance to protect families from the financial and emotional burden of caregiving. [... more]