#107 | 3 Clever Financial Strategies to Pay For Dementia Care

Are you overwhelmed trying to figure out how to afford long-term care for an aging parent without draining their savings or your own?

Balancing work, kids, and caregiving is already stressful enough.

But when you realize your loved one doesn’t have long-term care insurance, financial worries can make things even harder.

What if there were smart financial strategies that could turn existing assets into long-term care coverage—without massive tax penalties?

In this episode, you will:

1) Discover how to exchange a standard retirement annuity for one that covers long-term care—without triggering taxes.

2) Learn how to turn an inherited IRA into a reliable source of long-term care funding for your future.

3) Find out how parents and grandparents can set up long-term care coverage as a gift to younger generations.

Don’t let financial stress dictate your family’s future—press play now and learn how to make long-term care planning easier and more affordable!

If you want to implement one of these clever strategies, set up a call with Suzanne Scheer: https://tinyurl.com/5fdkwrpb

Join our podcast for expert insights on dementia care, offering caregiver support and practical advice on senior care, memory loss, and elder care for aging parents—from Alzheimer’s tips and understanding dementia stages to essential caregiving resources, managing daily routines, and preventing caregiver burnout. Whether you're an overwhelmed caregiver dealing with dementia behaviors, handling aggression, or facing financial stress, Medicare confusion, legal planning, long-term care challenges, or navigating Medicaid, we provide the guidance you need for confident healthcare advocacy.