New retirees will live longer than those past. As we get older our bodies and minds show signs of wear and tear. The prudent among us plan for extra outlays to pay for assistance when we can’t do everything ourselves. You can self fund the risk or buy insurance to put off the risk. But you shouldn’t ignore the risk. Our guest Harold Lustig author of Naked in the Nursing Home discusses smart ways to prepare for our old age. Trusts, property transfers and asset protection compliment the need for a health reserve or an insurance policy to make sure you are protected and remain independent for life. This show helps you in your retirement planning today. Even if you may think you’re too young to consider long term care planning, your parents may need the planning to preserve your inheritance or better yet not come to you for financial assistance.