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Long-Term Care Planning

Protect Your Pack | Protect Your Kingdom | Mutual of Omaha [Video]

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Protect Your Pack | Protect Your Kingdom | Mutual of Omaha

Like the mother lion protects her cubs, you protect your pack. Trust the Mutual of Omaha family of companies — the people that brought you Wild Kingdom. Our life insurance, Medicare solutions, advice and more help you protect the things in your kingdom that matter most — your family, your health and your finances.

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Long-Term Care Planning

Hello everyone, welcome to Wealth Building Wednesday episode #2 Financial House. We all living in a physical house. Do you know that in Financial there is also a financial house. How do we build a financial house? It is like building a house, we must build it from the ground up. First emergency funds, every family needs to have 3-6 months of emergency funds. As you can see what happens when COVID out break last year, a lot of people lost their jobs, it is very important to have emergency funds. ,for those people who have young kids, we also need to have education funds, to go to a good college now it is around 40- 60K per year. If you have 2 kids and four year for each kids, then it can be a lot of money. It is always better to plan early. Retirement funds, everyone wants to retire happily and go on vacation and play golf, Do you save enough money for you to do that? Then we have insurance, incase something happens to us? Who is going to take our love ones, do we have protection for them? and long-term care. The most expensive things that we going to face in our life time is kids education and long term care. Do you know long term care cost more than 100K per year and when long term care happens, on average someone needs to take care of us for 3-4 years. We all have to plan for the unpredictable things in life. Now as you can see the colors for these fundamental blocks are green because the government is giving us tax benefits to help and build up our foundation. After you build up the foundations then you can invest in business, in Real Estate, in mutual funds, stocks and options. The more up it goes, the more risky it gets. You don’t want to build your house upside down right, if anything happens to the money you put into your stock, you might lose everything. So it is very important to build your house from ground up. If you would like to learn more about these basic financial concepts, we have free zoom session every week. Just comment below, I will send you all the seminar schedules. Thank you, please subscribe my channel if you like what you hear today.https://www.youtube.com/channel/UCZfy7UHzGS6OjRxVqVccLSA/videos