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PODCAST

Preparing For Tomorrow podcast

Diane Stoddart, Certified Long Term Care Consultant, CLTC

Diane Stoddart, Certified Long Term Care Consultant, will show you how to protect your family and loved ones from the financial, physical and emotional burdens and consequences when long term care is needed. In each episode, Diane will help you to navigate through long term care concepts, terms and options and to discuss what strategies are available that can best protect both your family and your nest egg. We will invite guests to sit with us and share ideas regarding various parts of our lives

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All Episodes

10:31

I was just diagnosed with _____, can I still get the...

Preparing For Tomorrow podcast ·

2023/01/25

Too often, we go through the process to learn about LTC and LTC insurance, work though the costs and see how it can work to help us protect our family, savings and choices. Then we decide to wait to purchase a plan. Sometimes, the reason to wait is very valid - putting kids through school, just changed jobs, building a house, caring for a parent. Sometimes, when we wait, a health concern shows up that increases our risk of needing care. This may create higher premiums, limit our options or make us

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12:57

Natural Consequences

Preparing For Tomorrow podcast ·

2023/01/11

We face natural consequences throughout our entire lives. From not getting up on time to go to school, all the way to not preparing for our last chapter of living here on earth, the consequences of poor decisions are always there. As adult children of parents who failed to plan, we need to decide if we're going to sacrifice our futures to pay for or provide care for our parents. When we are forced, we will sacrifice for them because that's what they did for us as we were growing up. Our

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10:20

Recap 2022 and Welcome 2023!

Preparing For Tomorrow podcast ·

2023/01/04

Happy New Year! Let's welcome 2023 with the mindset of being prepared for our tomorrows. Schedule that family meeting, whether it's to work with me to design a plan, to discuss your LTC plan with your family, or to implement and manage a care plan for yourself or a family member. This week, Diane shares some relevant topics in the LTC world that came to fruition in 2022. And she also discusses what we can expect going forward into this year. Many people are realizing that they don't want the same

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10:00

My Christmas Wish

Preparing For Tomorrow podcast ·

2022/12/20

This week, I'm sharing my top Christmas wish this year. I imagine most 55 year olds would share this wish. I'm seeking a roadmap and directions I can use to help my parents as they are aging. My parents are very private and feel uncomfortble sharing their needs and their spouses' needs with me and my sister. But we'll be the one's managing the next part of their lives. If we knew what they would want, and how they would want it, it would be much easier to begin to make decisions that are truly

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10:21

Prepared or not prepared? - that is my question...

Preparing For Tomorrow podcast ·

2022/12/14

I am playing an episode from Septembner, 2021, today because we didn't have time to record this week. My husband was in the hospital with "chest pressure". He had been feeling "heavy", in his words for a few days and was concerned that something may be seriously wrong physically. He came home today with a pretty clean bill of health. He's meeting with his primary doctor tomorrow to learn what he needs to change. SInce I knew we wouldn't be recording, I Iooked through and listened to past

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16:30

Is an LTC tax coming to my state?

Preparing For Tomorrow podcast ·

2022/10/18

This week, Diane explores and brings updates on the Washington Cares Act, a long term care tax on all employees in the state of Washington. There are 14 other states looking closely at adding a state income tax to help fund LTC needs for those or can't or won't plan for themselves. Listen, and learn what some of these states have started considering and why. If you have ever wanted to consider leveraging your care needs with insurance, or if you want to learn about planning strategies offered in

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16:57

Interview: Michael Anthony with Medicaid Success Select

Preparing For Tomorrow podcast ·

2022/10/12

This week is a great interview with Michael Anthony at Medicaid Success Select. Based in Ohio and working nationwide, Michael's team helps people who need long term care but never partnered with an insurance company to pay for that care. Medicaid planning helps clients take full advantage of legal exclusions and exemptions in the Medicaid system in order to pay the least amount that the government requires to qualify for Medicaid. Michael says if we can partner with an insurance company to pay for

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12:49

Their advisor told them to wait 3 years to buy LTC...

Preparing For Tomorrow podcast ·

2022/09/13

This week, our case study will hopefully have a happy ending. The couple was referred to me in 2019, their advisor liked the plan I proposed and told them to wait three years, until they were age 60, to buy the coverage. Today, they are both 61 and still waiting for recent health concerns to be resolved so they can complete an application. They not only had several birthdays, but the plan they liked is now no longer offered in their state, and the company released a new plan with higher rates

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13:02

How long will they live?

Preparing For Tomorrow podcast ·

2022/09/06

This is a question so many of us ask when an extended care need invades our world. We don't want to have to ask this when a loved one needs help living...we feel guilty even thinking about it. We also find ourselves asking "how long" when we are planning for our own future needs as well. There will always be some questions that aren't answered until LTC is imminent: When will we need care? Where are we going to live? How much will care cost? How long will we need care? By working with an LTC

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15:48

Time to resettle into a smaller space? A senior move...

Preparing For Tomorrow podcast ·

2022/08/23

This week, I'm bringing back one of my favorite interviews from the early days of our podcasts. Janeen Salzgeber with shares what is really involved when we need to resettle into an abbreviated space in assisted living or other care environment. Her Tampa based company helps their clients decide what "stuff" makes their new space feel like home, and sets everything up to make resettling easier, while also helping to leave legacies for other families who are in need. Her company is part of the

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11:34

IRS rules change; client adds second plan to offset...

Preparing For Tomorrow podcast ·

2022/08/09

This week, Diane shares a case study of her clients, Mark and Sharon. They started planning at ages 61 and 60. They thought they had done all they could with LTC planning, and then the SECURE Act was enacted in 2020. There were now serious tax concerns when their kids inherit their IRAs. Mark wanted to know if there really is a plan that can be funded with IRA dollars to create tax free death and LTC benefits and help their kids with the new tax rules requiring inherited IRA's to be fully

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12:15

Interview: Michelle Thomas with The Colonnade at...

Preparing For Tomorrow podcast ·

2022/07/27

This week, we hear from Michelle Thomas with the Colonnade at Carrollwood, an assisted living community right in my Tamba Bay neighborhood. For many years, a group from our church visited and sang there monthly for quite a while. Michelle shares that this is Resort Style Living with as little or as much assistance as is needed. Some residents move in for the food and social atmosphere, and don't need any assistance at this point - they just don't want to be alone. Others need various amounts of

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24:04

Interview: Mary George with Best Years Senior Care

Preparing For Tomorrow podcast ·

2022/06/22

This week, Diane interviews Mary George with Best Years Senior Care. Mary is a geriatric care manager and helps families find help, resources and care providers when a loved one can no longer provide for themselves. Often, family members become overwhelmed when a parent is discharged from a care setting and needs to move home, where family members still have everyday obligations outside of the parent's needs. How will you put all the pieces togethar? Who can you trust to help make decisions when

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13:18

Bonnie said "That's not enough!"

Preparing For Tomorrow podcast ·

2022/06/07

Bonnie bought LTC insurance over 20 years ago and thought it would be enough to cover her future needs. We discussed adding an inflation rider to keep up with costs, but she didn't want to pay the higher rate. Today, when she needs help with dementia, her plan will pay for 5 hours of home care a day. Compare that to my husband's mom's plan that paid for 10 hours per day and still wasn't as much as she wanted either. If you take anything from this episode, I hope it's "Don't skimp!" Your future

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23:48

Interview: Dean Lambert with The Love Always Project

Preparing For Tomorrow podcast ·

2022/05/25

This week, Diane and her guest, Dean Lambert with the Love Always Project share how talking about uncomfortable end of life topics long before a need to talk occurs, it's better for the whole family. Dean shares how the Project helps us change thoughts of death and dying into thoughts of life and living. Share your comments and experiences at

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14:15

When should a 31 year old be adding LTC to their...

Preparing For Tomorrow podcast ·

2022/05/03

This week, our 31 year old son asked when he should be adding LTC coverage to his retirement plan. Diane shares things to consider when planning to be sure you can both qualify and afford LTC insurance. 11 states are working on creating a mandatory LTC tax. As of today, it looks like the only way to avoid the tax is to not be working or to own your own private LTC plan. Washington state has already done this. The other states currently working on a tax plan are CA MI CO MO NY VT OR HI MN IL and

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14:15

We need a plan for when life doesn't go as planned

Preparing For Tomorrow podcast ·

2022/04/26

Most people state they don't want to burden their children with long term care needs like bathing, dressing and going to the bathroom, but they too often don't consider the financial burdens that go along with that. Affluent people often believe that they don't need to discuss LTC needs because they have enough money to pay for any care they will need. It's more important to have a plan when there are more assets as siblings tend to argue about the right way to care for mom or what to spend or not

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13:50

April is tax season - learn what laws are in place to...

Preparing For Tomorrow podcast ·

2022/04/12

Because I included a case study in last week's episode, go back and listen to Aaron's options for a plan to provide LTC and also reduce his tax obligations. This week, listen and learn about two laws that have been enacted, LTC Partnership Act and Pension Protection Act, to help consumers preserve assets and let insurance companies create tax reducing strategies for policyholders. Contact me for guidance and plans to meet your unique needs at diane@preparing4tomorrow.com

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13:07

Where is the LTC industry headed?

Preparing For Tomorrow podcast ·

2022/03/30

Last week, I attended my first ILTCI conference in Raliegh, NC. I met a bunch of great people, and I learned so much valuable information that I will share with you here and over the next months. What are states doing to alleviate the Medicaid system? How will state programs work alongside private LTC insurance? What can we do to encourage solid legislation that works? How is our country going to be able to afford to care for an aging population? How can we as consumers be prepared for

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15:29

Interview: Angelett Johnson with Small Assisted...

Preparing For Tomorrow podcast ·

2022/03/22

This week, Diane and her guest, Angelett Johnson with Small Assited Living Coalition, share how having a guide, a plan and a team to help us live safely when we can no longer care or provide for ourselves. Visit to learn more about how they can work to help families help their loved ones better.

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