Staying Debt-Free in Your 70s: Prevent Long Term Care from Destroying Your Wealth - MFI Series1, #192

The greatest threat to our wealth in our 70s is long-term care or some other medical emergency. We can prevent these scenarios from destroying our lives by preparing as early as possible. We can use long-term care insurance to dampen the costs of being put in a home. However, we can also use passive income to pay these costs. By planning to make tons of passive income, we ensure we get the care we need moving into our later years.
This protects our wealth and our families' resources.