Long-Term Care: The Most Overlooked (and Misunderstood) Part of Financial Planning

2025-12-11

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Planning for long-term care is one of the hardest and most personal financial challenges families face. Let’s cut through the noise to unpack what really works, what doesn’t, and what might cost you dearly down the line. From irrevocable trusts and annuities to asset transfers and Medicaid’s five-year lookback, he explains the real-world tradeoffs every family must understand before taking action. You’ll also hear why many people default to “doing nothing,” and how that can either preserve flexibility or destroy options completely. What you can expect from this episode:...

Planning for long-term care is one of the hardest and most personal financial challenges families face.

Let’s cut through the noise to unpack what really works, what doesn’t, and what might cost you dearly down the line.

From irrevocable trusts and annuities to asset transfers and Medicaid’s five-year lookback, he explains the real-world tradeoffs every family must understand before taking action. You’ll also hear why many people default to “doing nothing,” and how that can either preserve flexibility or destroy options completely.

What you can expect from this episode:

The truth about Medicaid and nursing home coverage
How irrevocable trusts actually work (and when they don’t)
Why “doing nothing” can sometimes be the smartest short-term move
The one type of advisor Dennis says to avoid
And more!

Previous Episodes of Interest:

Elderly Planning: What You Need To Know
Care Options for Older Americans

Connect with Dennis O’Keefe:

Successful Money Strategies, Inc
dennis@successfulmoney.com
(508) 730-2300
LinkedIn: Dennis O’Keefe
LinkedIn: Successful Money Strategies, Inc
Facebook: Successful Money Strategies, Inc
Instagram: Successful Money Strategies, Inc
YouTube: Your Successful Retirement Podcast

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