The Senior Show – Life-Stage Planning, Long-Term Flexibility & Hidden Retirement Taxes – S1E25

Let’s get into it—this is The Senior Show!

In this episode of The Senior Show, Neil Himmelstein and Tim Kennedy continue their discussion on financial planning through different life stages, focusing on how younger adults, parents, and retirees all need flexible strategies as housing, health, income, and family dynamics change. Neil shares an example of parents looking into long-term care planning for their 37-year-old child, leading into a broader conversation about whole life insurance with long-term care riders, cash value, disability protection, and the importance of using multiple carriers and tools because every family’s situation is different. The episode also covers longevity risk, working longer, Medicare’s IRMAA surcharge, tax diversification, life insurance as a tax-free income source, and reverse mortgage lines of credit as a buffer asset that can help retirees access home equity without triggering taxable income.

Join us every Monday at 5 PM EST on 103.9 L.I. News Radio to catch "The Senior Show," hosted by Neil Himmelstein and Tim Kennedy.

Catch episodes on YouTube, Spotify & Apple Podcasts.

For questions or planning help:

Neil Himmelstein - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.mainstreetplanninggroup.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Tim Kennedy - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://www.timtalksreverse.com/