Will You Outlive Your Savings? What Every Retiree Needs to Know | Answers for Elders

    June 27, 202617:26Suzanne Newman, Michael Banner, Lindsay Friedman
    Retirement Planning
    Long-Term Care Planning
    Financial Security
    Longevity
    Aging in Place
    Home Equity
    Social Security
    Answers for Elders
    62 Who Knew

    Are you prepared to live 25–30 years in retirement? In this episode of the Answers for Elders Radio Show, host Suzanne Newman welcomes Lindsay Friedman, Founder and CEO of CareBLOOM and LT Care NAV, along with Michael Banner, founder of the 62 Who Knew podcast and retirement planning platform. Together they explore one of the most important questions facing older adults today: Will you outlive your savings, or will your money continue working for you as you age?

    As life expectancy increases, retirement planning has become far more complex than it was for previous generations. Michael shares why longevity is changing the financial landscape for retirees and why running out of money has become a greater fear than death for many Americans over age 62. The conversation covers retirement income, long-term care planning, home equity, rising healthcare costs, Social Security concerns, and the importance of building a trusted team of advisors.

    If you're a senior, retiree, caregiver, or adult child helping aging parents navigate financial decisions, this episode provides valuable insights into preparing for the realities of a longer life. Learn why proactive planning matters, how long-term care costs can affect retirement security, and what resources are available to help families make informed decisions about aging with confidence.

    What you'll learn in this episode

    • Why a million dollars may no longer be enough for a comfortable retirement
    • How inflation and rising healthcare costs are reshaping retirement planning
    • The role of home equity in retirement income strategies
    • Why running out of money has become a greater fear than death for seniors
    • How long-term care costs can derail even well-planned retirements
    • The importance of building a trusted team of financial and care advisors
    • Why proactive planning today protects your independence tomorrow

    Connect with Michael Banner — 62 Who Knew

    Connect with Lindsay Friedman — LTCareNav

    Connect with Answers for Elders

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