Protecting Your Most Important Assets: Your Family & Your Portfolio with Harley Gordon | Episode 3

Complete Wealth Management With Dave Alison

In this episode, elder law attorney & long term care expert Harley Gordon joins Dave Alison to talk about the consequences of an extended care event on you, your portfolio, and most importantly, your family.
We will discuss...
👉What an extended care event is and how it impacts a retirement
👉The impact of an extended care event on your spouse & children
👉How extended care events impact people in a second marriage
👉The difference between a care-supervisor and a caregiver
👉Self-funding vs insuring against an extended care event
...and how to maximize & protect cash flow in retirement.
About our guest Harley Gordon:
Harley Gordon is a founding member of the National Academy of Elder Law Attorneys, a professional organization that deals with legal and ethical issues facing the elderly. He has been voted as one of the 100 most influential people in long-term care by McKnight’s Long-Term Care News.
His views on the consequences of not having a plan for long-term care have been featured in the national media including, The CBS Evening News, The Today Show, CNN, and The Wall Street Journal. Mr. Gordon has spoken at numerous national conferences including, The Financial Planning Association, The National Association of Insurance & Financial Advisors, and The National Association of Health Underwriters.

Mr. Gordon’s experience led him to create the Certified in Long-Term Care (CLTC) program (www.ltc-cltc.com). It is the country’s first designation focused on training financial service professionals.
To learn more about Alison Wealth Management, please visit our website at:
https://alisonwealth.com
To learn more about Prosperity Capital Advisors or find an advisor in your area, please visit:
https://prosperitycapitaladvisors.com/advisor-search
The information provided in this presentation is not intended to be individual investment advice or legal advice. The information provided is for informational and training purposes only.
Investment advisory services are provided through Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC at www.adviserinfo.sec.gov. The views expressed herein represent the opinions of PCA and are not intended to predict or depict performance of any particular investment.
Advisory services are provided through Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). Views expressed herein represent the opinions of PCA and are not intended to predict or depict performance of any particular investment.
All data provided, including any reference to specific securities or sectors, is provided for informational purposes and should not be construed as investment advice. It does not constitute an offer, solicitation, or recommendation to purchase any security. Consider your investment objectives, risks, charges and expenses before investing. These views are as of the date of this publication and are subject to change. Past performance is no guarantee of future performance.

Розділи

1. Introduction to elder law attorney Harley Gordon (00:00:00)

2. What is an extended care event (00:03:08)

3. Important question to approach the subject (00:08:20)

4. The consequences to a spouse caretaker (00:11:31)

5. Considerations for a second marriage (00:15:34)

6. Considerations for someone divorced & not remarried (00:18:29)

7. Planning early (00:21:37)

8. Being a care-supervisor and not a caregiver (00:22:56)

9. Self funding options & retirement cash flow (00:25:30)

10. Innovation in long term care funding solutions (00:30:19)

11. Final words from Harley Gordon (00:33:58)

12. Two categories of extended care events (00:36:35)

13. Final thoughts from Harley Gordon (00:39:21)

14. Geriatric care manager (00:41:00)

15. The business of having a family (00:42:19)