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If Ignorance is Bliss, Don’t Listen to this Show!

Finishing Well / Hans Scheil
The Cross Radio
April 6, 2019 8:30 am

If Ignorance is Bliss, Don’t Listen to this Show!

Finishing Well / Hans Scheil

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April 6, 2019 8:30 am

1 Timothy 5:8 says, “Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.” This week, Robby talks about how this verse is more relevant to him now. He is no longer ignorant about Medicare and long term care. Robby feels like it is his responsibility to share his personal story so that other people don't find themselves where he was without a plan.

Your chances of needing long term care is either 0% or 100%, but Hans stressed that we focus too much on the statistics. What really is going to motivate you to make a plan is the consequences on your family, because those are the people you love.

Hans talks about a conference about long term care that he recently attended. In one section, he learned about the 5 consequence to family caregivers, which are:

  • Providing care impacts the emotional and physical well-being of caregivers
  • Providing care to chronically ill individuals makes healthy caregivers chronically ill
  • Extended care compels a child or children to place aside their lives
  • It creates ill feelings between those siblings that help and those that do not
  • Extended care does not bring families together…it tears them apart

With a plan for long term care, we cannot make all these things go away, we can mitigate some of this stuff. Robby talks about his own situation and agreed with all these points. He talks about his sibling relationships now as well as how thankful he was to have time with his father. It has opened his eyes to how important it is to have a plan.

We are at some time going to finish, and finishing well takes some planning. Find the right person to help you make this plan.

Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on for free!

You can contact Hans and Cardinal by emailing or calling 919-535-8261. Learn more at

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You're listening to the Truth Network and Welcome to finishing well brought to you by Cardinal certified financial planner belonged to Schild, best-selling author and financial planner helping families finish well over 40 years of finishing well will examine both biblical and practical knowledge to assist families in finishing well, including discussions on managing Medicare IRA long-term care life insurance and investments and taxes. Now let's get started with finishing well welcome to finishing well today with personal is our first certified letter Hongqiao but today show as I can't stomach up on this title is. This is an interesting title is a bit long if ignorance is bliss for you. Don't listen to this show and I would've said to Hans that you know three years ago. Two years ago when it came to what would happen. I guess with the long-term care situation with my father. That ignorance was bliss because I had no idea what was coming and now I look back at my father's passing here couple weeks ago that really leads me in this position of first Timothy 58 but if any provide not for his own, and especially for those of his own house he had denied the faith and worsened an infidel. In other words are no longer ignorant of what is going on in today's world with Medicare long-term care and what happens in these points in your life. And so it kinda gives me a responsibility to share the story and that other people wouldn't find themselves in that position and not have a plan yet in in in it. It's a matter of preparing for the inevitable. Even if it's a short period of time, such as you went through with your father understands about nine months I and incidentally Robbie's father passed away a couple weeks ago and we want to express it on behalf of the listeners are our condolences in our prayers for you and your family in them. I know that this is been a real difficult time in he really didn't wanted to be over with, but it is these this phase of its over with in the but it's the experiences that you went through that are going to be helpful to some of our listeners to high. I really am grateful to God's given me the story to share an intercourse having you with me through this process at this was a real gift to know how to navigate some of these waters and to see you know how finishing well is is such a perfect title for this ship. We hope you thought of it, you know, a year or so ago I had no idea. But man oh man, I mean we are at some point time going to finish and finishing well take some planning was sure in and so to gauge in case you haven't noticed, were talking about long-term care again today so that's two weeks in a row were getting out of our normal order here, but also because of the situation that Robbie's been through, but I just went to a conference in Chicago and I took four of my very young advisors, which they're all young. Most of them under 30 and there took in Chicago. This conference specifically so they could take this course called the C LTC certification for long-term care is given Robbie one of their pens can vary and remember who they are and they this industry conference that I went to, and I won't bore you with a lot of the details, but I felt this real need to be looking and learning something even though I've been doing this 42 years, and I took the C LTC 25 years ago, I retook the class and I have these four folks that I'm mentoring leading, bringing into the business and it was really necessary for me to learn something and get something out of the course and so I I was on extra special care not to be cynical about her role as before and I walked away pleasantly surprised it had to be the work of God that he just I heard some of the same words came to me in a different way and it really impacted how I'm going to talk about long-term care and so I felt the need in setting up today's show to talk about it right away as opposed to seven weeks from now when long-term care would come up again. So we've got the experiences I want talk to about what I learned and how I'm in a talk differently about this and we have Robbie's experience that he just went through that working on talk about today absolutely because you know one huge gigantic fact that one of those ignorance is bliss thinks it now. You won't have any more is that Medicare does not pay for long-term care. They just simply do not and and so coming to grips with that fact that that you may find yourself in that situation you know change is a whole lot of things but also changes you know from my standpoint what your options are when you find yourself in this position and the other thing that I was so critical to understand my father actually passed away at home, which was really important to him and I can assure you. Having spent a lot of time with them. In many hospitals in different rehab places over the last nine months. That's what how I want to go.

I mean that I would rather be at home around people he loved me who really, really cared for me and what I experienced in my father's care was the people that would come in your home to help him just care a whole lot more and in and in seem to take the time necessary with him. Compare the people he neither a hospital or rehab. So you are more set up to receive that care is well into receive their warmth because you were in your own home. Your father is in his own home. You were in a setting which is just desirable Yanomami timesheets.

Father didn't mince words like these people won't let me sleep. How can I get better if they don't let me sleep. You know, but think about it.

If you ever lost all the other in there every two hours and in reality yeah yeah and and they in out there talking in the halls and all that stuff really, really bothered him. And so the ability to have any kind of comfort in his last days. So much dependent on being able to be at home, which is a part of the plan of you know I don't know if you thought about it but these are things that we all face right on what will they are in. You know Robbie, his talked about this a lot that did. I just showed up here a little over a year ago really wanting to convince the station. The create the show and put it on the air and then Robbie from his perspective, is this is God sending me into heaven talking to with him about what he needed to do here for you because that's that's awesome you have in the end I so what when I came away from this conference with is really I can. I got a talk into to me because I really let it in.

From the founder of the C LTC have known for years and he has certified long-term care as CLT is certification for long-term care as a professional designation two day course and they really they know their stuff and their specialists and that and they raise the professional level of all the stuff so Harley is talking. He's Artie sold the companies in his 70s and what he really got across to me and I'm just gonna read this stuff is. He had five bullet points of the consequences to family caregivers is that providing care yourself impacts the emotional and physical well-being of the caregivers so that people when you're delivering that the actual care, lifting them up taken to the bathroom change in them doing all those type of things. It's going to impact your emotional and physical well-being. Yours, Robbie's providing care to chronically ill individuals make healthy caregivers, chronically ill, especially in spousal situations where were one person who's up in their 70s and 80s is taking here for a long time of another person of the same age, their spouse, you can end up with two chronically ill people were you just had one beforehand. It it also talks about extended care compels a child or children to place there beside their lives. And that's really what happened to you and Tammy and am thankful really that I could help my dad but for the last nine months.

Now at a mean our lives did get set aside in a completely did you know that with a new focus in and something that you know we can avoid a bit.

Imagine if you were here yesterday. Then because your siblings just work you know in a position to her they were willing to set aside any part of their life so he creates ill feelings between those siblings that can help and those that do not and I can assure you know if it even if it is an ill feelings is sick and certainly very very awkward thought word is very stressful and he goes on forever right now.

Or maybe not forever for for lifetime synthesis and hopefully people be over this guy go to heaven. Extended care does not bring families together and many times a terrorism part so Harley goes over these five final out that this let that last one drop because I experienced that in.

Unfortunately, you know makes me want to cry but you know I have five siblings to step sisters and three brothers by me, one brother and two other sisters and only my little brother and only once after my father got sick. Did they come visit. They all came to the funeral, which just broke my heart. Not that I was judging him in any way shape or form. It is not man.

How cool would it a bit of wheat at this dinner with dad six weeks ago rather than all of us coming to his funeral and being here to say goodbye. He's not here in. Unfortunately for him he know he was in heaven. But you see the consecrated as a father. Now I realize that wow when I get sick some of my kids are not going to want to come because it makes him uncomfortable to be around sick people. I've always been the kind of person goes in the nursing homes and development stuff, but I know that everybody is my way there not and so we can't with a plan for long-term care. We can't necessarily make these things go away but we certainly with a well thought out plan 20 years in advance and then it's updated and with changing times and were having the discussion, we can certainly mitigate about this right so I know you're listening. I think man I gotta go in the store when I do not hear the rest of it.

Well it didn't exist. If you have a smart phone, especially at Apple iPhone need to say Siri play the finishing well podcast and you'll be shocked to the come right up on and you complain. I just did it for me it's unbelievably little art to your phone. Simply finishing well, podcast and boiler was last Saturday. Or maybe analects in your home and needing to say play finishing well podcast in the middle, play the rest of this shell or you go back and listen the past shows we want to tell you about that.

We also want to tell you if you go to Cardinal is cardinal there you can find the seven words And if you click on right. Today's long-term care you to be able to download the whole book in subjects that were going to talk about a little bit later in the show to make sure and take advantage of that resource, or if you want whole book just email Hans their cargo Tony you'd like to have the book again. If you're wondering, I'm Robbie Gilmore helping out my good friend and certified financial planner Hans Schild with some will be back in just a minute to cover the rest of you know if ignorance is bliss. You want to list all the Hans and I would love to take our show on the road to your church, Sunday school, Christian or civic group. Here's a chance for you to advance the kingdom through financial resources and leveraging Hans expertise and qualified charitable contributions veterans aid and attendance IRA Social Security care and long-term care. Just go to cargo and contact to schedule a live recording of finishing well your church Christian or civic group. Contact time to Cardinal that's Cardinal welcome back to finishing well today show warning you, if ignorance is bliss. You may not want to list this bit nighttime. It for me.

It would've been.

Ignorance is bliss. But now that I know that what I know about long-term care.

I can't help but look at first Timothy 58 but if any provide not for his own, and especially for those of his own house. He denied the faith worsen into the Army men are pretty clear that it's our responsibility and actually eat you know part of my dad's passing is now the patriarch of you know of my family and so it falls on me to figure out okay what is the plan Robbie because you know I really don't want to put my kids in the situation that my siblings and I were in but Nicholas my dad had no idea, but your list of the show so your FTP you can't say you had no idea about ghost or get information of of what this looks like it which really speaks to what you learned at the conference.

Well, yeah. And so I'm what I'm hearing is is the risks of needing long-term care or the risk is not really what motivates people to put together a plan so I'm talking to a 65-year-old couple and we spent a lot of time discussing you. Is this going to happen to me. As it happened in my family and we throw all kinds of statistics Adam and 70% in two thirds of the people before 90 and so when we throw all these businesses were getting clear like this might happen to the reality is for you personally, as a listener out there.

Your chances of this happening that it's only two things it's either 0% is not can happen to the 400%.

It happens to me, assist, and to spend a lot of time on that isn't really going to help either one of us and I think I've probably done too much of that if you read any articles about this topic.

The first two paragraphs are just all around. Statistics of how this might happen to you in It could happen.

I mean then the next thing that he talked about his client base staff is going to walk you through. You can lose your independence. You can be a burden to your family. You can, you'll you'll you'll you will not have choice of where you get the care. All of these things happen to your dad put talking about them 20 years ago really didn't motivate them to do anything and then you could lose your assets paying for all this care if you don't have insurance. This isn't really what influences people to make a decision to get a plan together and then course, the third category was product living as we can tell how wonderful this insurance policy is house can allow you to maintain your independence. You won't be a burden to your family, because there'll be professionals taking care of you can choose where and how the care is delivered like Dan did and you can also you can protect your assets and again he's went over these three things they don't really and I have to affirm that I been doing this long term care piece of it for over 30 years and I just don't see people with an OEM analogy told me that I think I'm in the sign up for one of these things, what he moved onto his those consequences I mentioned before the break is the fact that your family is going to suffer severe consequences if you don't have a plan in place and your dad did actually have a plan in place to me.

You listen to me and you and talk to him and you get the powers of attorney, financial power of attorney, the healthcare power of attorney and they were just now I that I sent soluble. It went at it at certain times and you knew enough about the care that you are able to get the people in their utility for one weekend.

They charge you 1500 bucks and dryland have not provided good care, but that flip my dad out but good when you know even though we had the money that number just freaked him out kosher and you know that was the other thing that I I've learned through this year being with you that I think is significant is these long-term care programs that there's some really neat hybrid things that you can do that that really make all kinds a sense that I wouldn't you know it.

First, the whole idea was to seem way too expensive but as I realized one at some of the ways that you can which is taking a hunk of money that they are invested in just moving it from there to an insurance company and purchasing like single premium life insurance that if you never use it. Pays off to your heirs. Any houses just like any other investment but if you use it for long-term care.

It's gonna pay for that care essentially out of your own money and then some that you pay for and I can tell you it's it's your dad would've looked at it differently than 1500 bucks if you spend in the insurance companies money and this is what I tell a lot of wealthy folks at Sam's self-insuring on the pay for. I've sat with a lot of wealthy families that there's plenty of money sitting around and they are just not going to call that home healthcare agency or somebody else and start paying 1500 bucks for a weekend or $3000 for a week or you have a thousand eyes is my experience was.

This was my experience that the home healthcare people. They came out physical therapist people he gave might. It had a bath. Those people were so much nicer work so much more deliberate on trying to help him. There's no comparison and is the level of care that what I experienced when we got home healthcare and and so that's a big part of why the investment seems to make sense to me because there's what happened you feel guilty when you know your parent isn't being taken care of. Well sweet you know it he's feet left in this rehab center that wealth. They know that Medicare will pay for it all at stuff and every day he was there.

I I I was deeply concerned that he wasn't getting the care that he would've gotten if he had a home healthcare in the same time taken some of that burden off of Tammy because she was the one sure what it this were not talking here about land flat on your back to nursing okay and that certainly happens to some people for some period of time that the vast majority of what these policies are paying for is care and his care at home, and the percentage of the care that's delivered at home is going up and up and up and up and up and you can't do this by yourself.

You just you know you you told the story on an earlier show about you know lifting up your dad and you know yeah I was get what we came up. My was going to get him out of his chair into his bed and you know I'm 6 foot five, 250 pounds and at that point time.

I think he was probably down 150, so you know, that was no place for or not I have a professional you know what what we really people are motivated to put a plan together for long-term care which includes the power of attorneys includes outlining their wishes. Whether they want to receive care at home more than some people to really want to go to one of those assisted living centers not talking about a nursing home. Here's some of those are pretty nice. In my experience is that people that are there. Most summer well up over 80 years old and they're generally pretty happy that are there and the family is to but again I'm not wishing that on anybody. We can sit down with you and help you put a plan together so you can stay home and then it's just a natural consequence of that fund to fund the plan and we do that with insurance and there's there's a whole list of options for me. We we we have just about all of them available to us depending on what your financial circumstances he and today I really don't want to get into this mean I really just want to talk about.

I want to impress upon people.

The need. Well, you're in your 60s or if you haven't done it yet and you're in your 70s to we still can put together plans for people in the early 80s hard enough to do in your 30s or if you know that you get it while it's good I mean in our 50s. I mean, the younger you are. It's like life insurance for the easier this testing to be able to plan for long-term and the kind of things, but the other thing that you know I really hope you hear. I really really hope to hear that there are people out there. You may not be you know maybe want to try your own person, but there's people icons that go through this stuff every day of their lives and they know the ins and outs and they know what to tell you how to help you and to have those in it with many counselors plan succeed the Bible so that way you now know somebody you know anybody else you know Hans and believe me I've worked with them enough to know he cares and is people care and so that phone call, at least to say this is one of my experiencing it and what can I do you know and what are my resources because Medicare is very difficult to work with when you're at that level of care was never designed to pay for long-term care, trying to carry any doesn't it pays very little for a big part of our practice is eating people that are about my age or your age. Maybe a little younger in their 50s that are dealing with their parents were dealing with people that are on claims or paying for this care and utilizing it just like your dad and you right now and so now that that's that's something that really might been a diet divine appointment that you have this radio show because I'm telling it to live.

This think the last nine months that they have somebody in your corner to call in the nose. What what this stuff is in and how to work through it is his huge well and in it, people are motivated to put a plan together to save their family from the severity of the consequences like that we can make those consequences go away, but we can certainly mitigated and it's much easier to spend the insurance companies money if you sit down and try to convince an 88 or 90-year-old wealthy man or woman is there wealthy.

They got plenty of money to pay for this care and you just convince them to start spending the kind of money it cost to bring people in it. I just tell you it's much easier to convince them to spend the insurance companies money then this is her own mind, and entered so much you know it's it's it helps you feel better about the care that your families getting an and you know to think that you not put that burden on your wife. You know in my life significantly younger me and Emma. Hans pointed out to me is it really. I mean, you don't want to put this burden on Tammy.

I don't want she wants to be there to comfort you to love you to take you to the doctor talk to the doctors yourself deal with the caregivers do some of the care when they're not there. Those kinds of things she doesn't want to keep commit her whole life to this and 24 seven or she's gonna end up sick to and pick me up a bit and his angular hand here and listen to Cardinal.

I'm into finishing well with certified plant financial planner Hans Shah was brought to you by Cardinal guide. Don't forget the guide its cardinal if you miss part of this new plan I want to hear about the beginning of this.

Don't forget you can to save your phone hey Siri, I want to hear the car of the finishing well podcasts the finishing well podcasting here in Alexis or maybe your Google home whatever you got and don't forget the seven were stabbed there at the website all kinds resources email Hans it's it really is an amazing thing that God is had this show for such a time as this in my life really is wonderful and we both my books are on Amazon. You can get them on their very inexpensively. You can also go to Cardinal you can download the chapters for free. You can send me an email. I'll be glad to send the book out done that to several listeners. He just wasn't what I can say at the complete Cardinal guide to planning for living in retirement. I want title. We hope you enjoyed finishing well brought you by Cardinal visit Cardinal for free downloads of the show previous shows on topics such as Social Security, Medicare and IRAs, long-term care and life insurance, investments and taxes as well as constant best-selling book, the complete Cardinal guide to planning for and living in retirement and the workbook once again for dozens of free resources past shows what you get. Hans book go to Cardinal if you have a question, comment or suggestion for future shows. Click on the finishing well radio show on the website and send us a word.

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