Strategic Planning for Business Owners · 2026-01-06 · 17 min
In this crucial episode of Strategic Planning for Business Owners, host Steven Young tackles a topic that affects nearly everyone, regardless of whether you own a business or not: long-term care planning. Drawing from comprehensive research by UBS's Chief Investment Office, Steven reveals a sobering statistic - approximately 85% of couples will use at least one long-term care service before they pass away. Yet most people either underestimate the likelihood they'll need care or catastrophize the potential costs based on worst-case scenarios. Steven cuts through the confusion to provide real numbers, real probabilities, and practical strategies you can implement now to protect your retirement and your legacy. Discover why long-term care expenses can derail even the most carefully crafted financial plans, with analysis showing that 30% of otherwise-successful retirement plans for $1 million households fail when long-term care costs are included.
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