Category: Women and Retirement

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The Good, the Bad, and the Truth About Paying for Long-Term Care: Part 2 (Ep. 35)

The Good, the Bad, and the Truth About Paying for Long-Term Care: Part 2 (Ep. 35)

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When it comes to planning for retirement, many overlook one of the biggest financial threats—long-term care costs. Most women assume that Medicare or health insurance will cover their needs, but the reality can be a costly surprise.

In this episode of the Simply Retirement Podcast, host Eric Blake teams up once again with long-term care professional Nancy Dykeman for Part 2 of our series on paying for Long-Term Care and shedding light on these often-misunderstood expenses. With over 45 years of experience in the senior care industry, Nancy shares eye-opening insights on the financial realities of extended care, offering practical strategies to help women protect their assets and secure their financial future. From debunking common Medicare myths to offering actionable solutions, this conversation is a must-listen for anyone looking to safeguard their retirement.

Key Highlights:

  • Debunking Medicare Myths: Learn why Medicare doesn’t cover essential non-medical care, like help with bathing or feeding, and how these misunderstandings can lead to financial challenges
  • The Rising Challenges of Long-Term Care: With longer life expectancies, more people need care due to illness or cognitive decline. Nancy outlines why planning is essential to handle these unexpected costs
  • Smart Care Planning: Discover how a hybrid approach of self-funding and long-term care insurance can protect your assets without over-insuring
  • Managing Costs: The cost of long-term care can seem overwhelming, but Nancy offers practical tips for choosing policies that cover 3-4 years of care with inflation protection to keep up with rising costs
  • Flexibility in Insurance: Explore insurance options that allow flexible payment methods, including upfront payments and annuities, to suit your unique financial situation
  • And much more!

Actionable Takeaways:

  • Develop a Long-Term Care Plan: Having a plan—whether through self-funding, insurance, or a combination—reduces family stress and ensures you receive the care you need
  • Explore Flexible Insurance Policies: Look into policies with inflation protection and customizable payment options that align with your financial situation
  • Start Planning Early: The earlier you begin, the better your rates and coverage options. Aim to start by age 40 to ensure your retirement remains secure

This episode provides vital insights for women approaching retirement, empowering them to take control of their future and avoid the financial pitfalls of long-term care.

Resources:

Connect with Eric Blake: 

Connect with Nancy Dykeman: 

About our Guest: 

As a professional in the seniors industry for almost 45 years, Nancy Dykeman brings her experience to the planning table as a former funeral director/co-owner of a large funeral services company where she was responsible for all of the pre-need sales and management of development. She was a Licensed Nursing Home Administrator for over 15 years, opening and operating a number of luxury retirement communities as Executive Director. Nancy joined the funding-planning insurance and consulting business as owner of Long-term Care Planning Consultants, LLC, started in 2000, and operating as its President today. She has been a Senior Client Services Associate with LTCI Partners, LLC, for the last 11 years, training and supporting a nationwide network of specialists in long-term care planning. 

Nancy is a core instructor for the CLTC designation, challenging insurance and financial professionals to grow their businesses through planning, not product push. She is known as a national specialist and educator in this industry and a former instructor of the CSA designation as a Certified Senior Advisor. 

She brings her personal caregiving experiences for her parents, daughter, stepdaughter, and now her husband through education and planning, providing consumers and professionals with stories and interactive techniques to make her a very successful expert in planning for future health events.

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The Good, the Bad, and the Truth About Paying for Long-Term Care: Part 1 (Ep. 34)

The Good, the Bad, and the Truth About Paying for Long-Term Care: Part 1 (Ep. 34)

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Do you have a plan for the rising costs of extended healthcare as you approach retirement? 

Many women are caught off guard by the financial impact of caregiving, both for themselves and their aging loved ones.

In this episode of Simply Retirement, host Eric Blake sits down with long-term care professional Nancy Dykeman, who brings over 45 years of experience in caregiving, nursing home administration, and long-term care insurance advocacy. They discuss why it’s critical for women nearing retirement to think beyond traditional savings and begin planning for extended care. Nancy shares her personal journey and dispels common myths surrounding long-term care, offering practical strategies to safeguard your financial future.

Key Highlights:

  • Understanding Long-Term Care: Nancy dispels the myth that long-term care is just for the elderly. She explains the true scope of extended care, which includes in-home care, assisted living, and more
  • Women and Caregiving: Women over 55 face unique risks, often juggling caregiving for aging parents while managing their own retirement plans. Learn how to mitigate these risks with proper planning
  • Nancy’s Journey: Discover how Nancy’s personal and professional experiences led her to advocate for long-term care insurance, helping families stay financially secure while aging at home
  • The Financial Toll of Caregiving: With costs ranging from $5,000 to $10,000 per month, long-term care can cause significant financial strain. Nancy explains how to prepare financially to avoid these burdens
  • Cognitive Decline and Care: Memory loss and cognitive decline require extended care. Nancy shows how to protect your financial future through early planning
  • Fiduciary Responsibility: Financial advisors need to address long-term care with their clients—failure to do so could put retirement plans at risk. Nancy stresses the importance of including care planning in retirement strategies
  • And much more!

Actionable Takeaways:

  • Begin planning early to safeguard your financial future
  • Start open conversations with family about caregiving roles and financial resources
  • Consider long-term care insurance or alternative financial plans to cover care costs and protect your assets

This episode offers vital insights for women approaching retirement, helping them navigate long-term care planning with confidence.

Resources:

Connect with Eric Blake: 

Connect with Nancy Dykeman: 

 

About our Guest: 

As a professional in the seniors industry for almost 45 years, Nancy Dykeman brings her experience to the planning table as a former funeral director/co-owner of a large funeral services company where she was responsible for all of the pre-need sales and management of development. She was a Licensed Nursing Home Administrator for over 15 years, opening and operating a number of luxury retirement communities as Executive Director. Nancy joined the funding-planning insurance and consulting business as owner of Long-term Care Planning Consultants, LLC, started in 2000, and operating as its President today. She has been a Senior Client Services Associate with LTCI Partners, LLC, for the last 11 years, training and supporting a nationwide network of specialists in long-term care planning. 

Nancy is a core instructor for the CLTC designation, challenging insurance and financial professionals to grow their businesses through planning, not product push. She is known as a national specialist and educator in this industry and a former instructor of the CSA designation as a Certified Senior Advisor. 

She brings her personal caregiving experiences for her parents, daughter, stepdaughter, and now her husband through education and planning, providing consumers and professionals with stories and interactive techniques to make her a very successful expert in planning for future health events.

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Prioritizing Self-Care with Professional Tips from Taylor Morrison (Ep. 33)

Prioritizing Self-Care with Professional Tips from Taylor Morrison (Ep. 33)

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Retirement planning can be daunting, especially for women who often prioritize others over themselves.

How can women balance self-care with financial planning? What strategies can help them thrive in retirement?

On today’s episode of Simply Retirement, Eric Blake welcomes Taylor Elise Morrison, founder of Inner Workout, to discuss the importance of self-care, particularly for women navigating the complexities of retirement planning and caregiving. 

Drawing from Taylor’s experience, listeners will learn about creating personalized self-care routines and actionable steps to ensure well-being doesn’t fall by the wayside.

Eric and Taylor discuss: 

  • The importance of incorporating self-care into your busy life without feeling like a failure
  • Strategies for overcoming common myths and roadblocks to effective self-care
  • How to utilize technology as a tool for maintaining and managing self-care practices
  • Tips for crafting a self-care toolkit tailored to various lifestyle needs, whether you’re in your peak earning years or already retired
  • And more!

Resources:

Connect with Eric Blake: 

Connect with Taylor Morrison: 

About our Guest: 

Taylor Elyse Morrison turned being bad at self-care—and being firmly convinced of every human’s potential—into a career. She’s the founder of Inner Workout, and the award-winning author of a book by the same name. Named one of Fortune’s 10 Innovators Shaping the Future of Health,  Taylor is tired of aspirational ‘wellness as usual.’ Instead, it makes well-being and personal development more accessible. You’re just as likely to see Taylor facilitating a workshop at a Fortune 100 as you are to see her talking about TikTok and body image with a high school class. Wherever she goes, Taylor’s sure to use her coaching, mindfulness, and movement training to meet people where they’re at and offer actionable steps towards creating a world without burnout.

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Navigating Retirement Planning: Essential Tips for Women with Linda Lingo (Ep. 31)

Navigating Retirement Planning: Essential Tips for Women with Linda Lingo (Ep. 31)

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Are you a woman nearing retirement and feeling overwhelmed by financial decisions? 

Seeking clarity and confidence in your financial future?

Join host Eric Blake as he engages with Linda Lingo, a CPA and seasoned financial life coach, who brings over 30 years of expertise in empowering women through financial education and personalized retirement planning. Discover how Linda’s journey from a financial advisor to a coach is driven by her passion for educating clients and addressing the unique financial challenges women face.

Key Highlights:

  • Linda’s Journey: Learn how personal experiences with inadequate financial advice led Linda to pursue a career dedicated to empowering women through financial literacy
  • Empowering Women: Discover strategies for women to transition from investing growth to effective retirement withdrawals, with a focus on tax-efficient strategies
  • Financial Education: Understand Linda’s approach to untangling financial concepts like investing, diversification, and risk management, making women better investors
  • Collaborative Coaching: Experience Linda’s unique method of sitting beside clients, fostering a collaborative and supportive environment
  • Retirement Challenges: Explore the common obstacles women face, such as lack of financial understanding and fear of asking questions, and how to overcome them
  • Mindset Shift: Learn how to move from a scarcity mindset to one of abundance, promoting confidence in your financial decisions
  • Importance of Teamwork: Appreciate the value of a cohesive team of financial professionals working together for a client’s retirement success
  • And much more!

Listen in for actionable advice on improving financial literacy, overcoming retirement planning challenges, and fostering a positive financial mindset with Linda Lingo.

Resources:

Connect with Eric Blake: 

Connect with Linda Lingo: 

About our Guest: 

Linda Lingo, CPA, is a financial coach with a mission to help professional and solopreneur women planning for their Golden Years to retire with confidence and financial security. With over 30 years of experience in the finance industry, Linda has helped countless women create clear retirement plans that provide them with a comfortable and stress-free life after work.

This is where Linda’s expertise is vital – with a passion for helping women retire with financial security, she has developed a unique coaching program that guides her clients through every step of the retirement planning process. From setting financial goals to creating a personalized investment plan, Linda’s coaching provides the support and guidance women need to achieve their dreams of retiring comfortably.

As a divorcee, Linda uses the trauma and pain from her own “Gray Divorce” to provide empathy and proven strategies to women divorcing later in life. Combined with her ability to get results for her clients, Linda delivers a 1000% ROI for her clients, helping them create a clear path to retirement and giving them the confidence to enjoy their golden years. With Linda’s guidance, her clients have experienced a shift from anxiety around their finances to clarity and confidence, with a positive money mindset that sets them up for success.

Linda’s success has been featured in Wealth Management, as well as multiple podcasts to inspire women to decide today to prepare to retire well. As an involved community leader, Linda has served as the treasurer of The Women’s Fund, Assertive Women Entrepreneurs and Women of Vision.

She has been active in Soroptimist International, and Girls Inc. She also supports women-owned businesses as an Activator with SheEO and is active in the National Cinderella to CEO Awards Program. Linda now lives in Oregon to be closer to her two children and three grandchildren who she adores. Linda is living her dream life which includes traveling, reading, gardening, and everything about wine.

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Prioritizing Health in Midlife with Elizabeth Sherman (Ep. 30)

Prioritizing Health in Midlife with Elizabeth Sherman (Ep. 30)

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Are you a midlife woman juggling caregiving, health, and finances?

Join us for this episode of the Simply Retirement Podcast, as host Eric Blake sits down with Elizabeth Sherman, a master-certified life and health coach with over 17 years of experience. Elizabeth offers a reliable health strategy that connects well-being and financial stability. She explores stress management, sleep, and nutrition, offering practical tips to improve overall well-being.

Key Highlights:

  • Comprehensive Health Strategy: Elizabeth goes beyond “eat less, move more,” integrating stress management, sleep, and hormonal changes
  • Caregiving Challenges: Addressing the unique stressors of caregiving and the importance of self-care
  • Health and Wealth Connection: How neglecting health impacts financial stability and vice versa
  • Nutrition and Sleep: Insights into how diet and sleep quality affect energy, emotions, and long-term health
  • Practical Tips: Elizabeth’s “Eight Basic Habits” for healthy living, including hydration, balanced meals, daily movement, and sleep hygiene
  • Empowering Women: Encouraging women to prioritize their needs and health for a better quality of life during retirement
  • And much more!

Listen in for actionable advice on balancing health and finances, and connect with Elizabeth Sherman to start living a healthier, happier life.

Resources:

Connect with Eric Blake: 

Connect with Elizabeth Sherman: 

About our Guest: 

Elizabeth is a Master Certified Life and Health Coach specializing in women’s wellness in midlife. Drawing from
over 17 years in the field and a personal journey that began with a desire to reduce her own health risks,
Elizabeth offers a deeply empathetic and knowledgeable approach. Her certifications from The Life Coach
School, American Council on Exercise, Precision Nutrition, Metabolic Effect, and Redesign Your Mind reflect
her comprehensive expertise. Elizabeth’s passion is helping women navigate the complexities of midlife
health, from hormonal changes to mental clarity, with a focus on sustainable, joyful living.

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Personalized Solutions for Quality Homecare for Seniors (Ep. 27)

Personalized Solutions for Quality Homecare for Seniors (Ep. 27)

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Struggling to find the right homecare? 

Join Eric Blake and Danielle Bonilla on The Simply Retirement Podcast as they discuss Hallmark Homecare’s unique model that connects independent caregivers directly with families. This episode highlights how Danielle’s personal journey from teacher to entrepreneur was inspired by her grandmother’s needs, leading to significant innovations in caregiving. They explore how bypassing traditional agencies not only saves costs but also empowers families to find the perfect caregiver match, addressing particularly the challenges women face in caregiving roles.

Key Highlights:

  • Personal Journey to Caregiving: Danielle shares her personal motivation for founding Hallmark Home Care, driven by her own family’s caregiving challenges
  • Unique Business Model: An in-depth look at Hallmark’s model of connecting families directly with independent caregivers
  • Customized Care Plans: The importance of creating personalized care plans that cater to the specific needs of families and their loved ones
  • Specialized Care Capabilities: Hallmark’s ability to handle complex care scenarios, including skilled nursing tasks typically not offered by other agencies
  • Empowering Independence: Benefits of Hallmark’s approach for caregivers and families, allowing for flexible schedules and tailored care options
  • Client-Centered Recruitment Process: Insight into Hallmark’s thorough caregiver matching process, ensuring families receive the most suitable care
  • And much more!

Resources:

Connect with Eric Blake: 

Connect with Danielle Bonilla: 

About Danielle Bonilla: 

Danielle Bonilla is the co-founder of Hallmark Home Care. With a background in education, Danielle pivoted to home care after recognizing the gap in personalized care solutions for seniors. Her passion for enhancing the caregiving process and empowering caregivers has been central to Hallmark Home Care’s success.

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Navigating the Solo Aging Journey (Ep. 26)

Navigating the Solo Aging Journey (Ep. 26)

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Are you expecting to face the retirement journey on your own?

Join host Eric Blake and your solo aging guide, Carol Marak, as they tackle the unique challenges of aging without a support network. Discover practical strategies for maintaining independence and confidently navigating solo aging.

Carol shares her journey as a caregiver for her parents, which led her to create a comprehensive roadmap for solo aging. She covers ten key domains: health, housing, legal matters, finances, transportation, social connections, fun and engagement, life purpose, and faith/spirituality. Emphasizing self-assessment and early planning, Carol offers actionable advice for those aged 45 and above.

Key Highlights:

  • Understanding Solo Aging: Defining solo aging and its implications for different individuals
  • The Importance of Self-Assessment: Identifying current status and goals for effective retirement planning
  • Ten Key Domains: A detailed look at the areas crucial for aging independently and healthily
  • Proactive Planning: The benefits of early awareness and preparation for maintaining independence
  • Real-Life Example: How one couple overcame their fears and took actionable steps toward better health and social connections
  • Expert Guidance: Resources and tools available to help navigate the complexities of solo aging
  • And much more!

Resources:

Connect with Eric Blake: 

Connect with Carol Marak: 

About Carol Marak: 

Carol Marak is an authority on solo aging, offering valuable insights and tools through her website and book, “Solo and Smart.” Her personal caregiving experience and subsequent research provide a robust framework for individuals preparing to age independently.

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Navigating Healthcare in Your Golden Years (Ep. 25)

Navigating Healthcare in Your Golden Years (Ep. 25)

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How does care management transform the retirement experience?

Discover the intersection of healthcare and retirement planning in the latest episode of The Simply Retirement Podcast. Host Eric Blake welcomes Pamela Farris, founder of Harmony Care Management. They explore the vital role of care management in retirement, offering invaluable insights for retirees, particularly women facing solo aging, healthcare challenges, or those in need of holistic care solutions.

With her extensive background in hospital medicine and entrepreneurship, Pamela Farris discusses transitioning to care management in response to the evolving healthcare landscape. She emphasizes the importance of a comprehensive approach to managing healthcare and financial needs, ensuring tailored care plans that respect each client’s unique situation and preferences.

Key Highlights:

  • Understanding Care Management: Explore the essential role of care management in retirement healthcare
  • Transitioning to Care Management: Pamela Farris recounts her shift from hospital medicine to the world of care management
  • Holistic Approach in Healthcare: A look at the critical integration of legal, financial, and healthcare planning
  • Patient Advocacy and Representation: The crucial need for advocacy in healthcare, especially for those aging alone
  • Navigating Healthcare Complexity: Insights into managing insurance, medical coding, and cost-reduction strategies
  • Personal Impact Stories: Engaging tales illustrating the transformative effects of care management on clients’ lives
  • Engaging with Harmony Care Management: Learn how to access their services and understand their extensive reach
  • And much more!

Resources:

Connect with Eric Blake: 

Connect with Pamela Farris: 

About Pamela Farris: 

Founder and Chief Care Manager of Harmony Care Management, Pamela Farris, has been practicing as a nurse since 1980, caring for patients and leading healthcare teams in various capacities. Pam has seen firsthand the need for plans of care based on individualized needs and preferences. Pam graduated from UT Southwestern and holds a Master of Business Administration from the University of Dallas.

In Pam’s downtime, she is involved in a local non-profit to promote awareness for the needs of Seniors and enjoys spending time with her family.

Harmony Care Managers are experts in orchestrating harmony within healthcare. We have a dedicated team of leaders within the field, comprising nurses, licensed nursing home administrators, experts in medical billing, and more, to provide support in every way. From being a liaison and coordinating care to addressing individualized care, Harmony Care Management provides expert advocacy and support throughout the healthcare journey.

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Retiring, Unretiring, and Rediscovering Purpose with Kim Lee (Ep. 23)

Retiring, Unretiring, and Rediscovering Purpose with Kim Lee (Ep. 23)

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When we think of retirement, images of tranquil beach walks, leisurely lunches, and newfound hobbies often fill our daydreams. But what if the reality of retirement doesn’t align with the fantasy?

Eric Blake welcomes back Kim Lee, a former personal trainer, a retiree and now a personal trainer once more. Kim shares her transformative journey, offering a candid look at her decision to retire, relocate to Mexico, and then, quite unexpectedly, unretire back to her roots in personal training. Kim’s story isn’t just about retirement; it’s about purpose, passion, and the courage to pivot when life’s plans don’t bring the fulfillment expected.

Kim touches on: 

  • Why did Kim decide to “unretire” and return to personal training
  • How did cultural changes in Mexico affect Kim’s daily life and happiness
  • What emotional challenges did Kim encounter being away from loved ones and her fitness community
  • What advice does Kim give for those considering retirement, focusing on setting clear goals
  • And more

Resources:

Connect with Eric Blake: 

Connect with our Guest: 

About our Guest: 

Kim Lee, a dedicated Certified Personal Trainer for the past 8 years, is currently operating as an Independent Contractor at the Hidden Gym nestled in Allen, Texas. Alongside her professional pursuits, she cherishes her role as a loving wife and mother to two wonderful grown children. Her fervor for promoting both physical and mental health is unmistakable and deeply embedded in her work. She firmly believes in the power of small, consistent steps, emphasizing that they collectively pave the way for monumental change.

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