#1 Cause of Bankruptcy in Retirement
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
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Long-Term Care Insurance
Long-term care is the biggest financial threat a family will face, John says. Seven out of 10 people are going to need this care and it's number one cause of bankruptcy. You can't just spend down your money thinking you can get into Medicaid because they're going to do a look back on your money. The overall strategy that I see from most people is they just hope everything will work out in the end.
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