7 in 10 Retirees Need Long-Term Care

7 in 10 retirees will need help with the basics—bathing, dressing, transferring, toileting, eating, or continence—yet most plans ignore the financial shock of long-term care until it's urgent and expensive. In this episode, we bring Mitch Hancock into the studio to unpack what real care looks like, what it costs, and how to fund it without blowing up your retirement or burdening your family.

We start with the human side: the invisible labor of coordinating caregivers, paying bills, and managing medications that falls on adult children. From there, we get practical about the money. Traditional long-term care insurance often failed because of rising premiums and "use it or lose it" structures. Asset-based long-term care changes the game. Capitalize a dedicated asset once, gain 2–3x leverage for qualified care, and if you never need it, your beneficiaries receive a death benefit or you retain cash value depending on the design.

Find Valiant Brokerage here:
https://valiantbrokerage.com/

Find Du Charme Wealth Management here:
https://ducharmewealth.com

Phone: 
(435) 288-3396

DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.

[00:00:00] Setting The Stage: Risk And FOMO
[00:06:03] Activities Of Daily Living Explained
[00:11:12] Self-Funding Versus Insurance
[00:18:16] Asset-Based LTC: How It Works
[00:22:56] Portfolio Efficiency And Convexity
[00:26:08] Market Cycles, Valuations, And Diversification
[00:32:12] Liability Matching And Taking Smart Risk
[00:38:14] Roth, Brokerage Flexibility, And Cash Flows
[00:44:04] Personal Values Drive Position Sizing
[00:49:06] Why Personal Advice Beats One-Size-Fits-All