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Obsidian Planning

Obsidian Market Update 9/9/2022

Hello friends!


This week, we’ll talk through why long-term care insurance could be important to have, even if you feel that you have the money to cover the expenses without it. Then, we’ll take a look at the best tips for leaf peepers.


It’s not fun to think about needing long-term care, and planning ahead allows you and your family to alleviate heartache down the road, especially for anyone with longevity in their genes and the potential to need at-home or nursing home care. Having insurance protects your spouse and your family’s inheritance, so if that’s a goal of yours, read on.


There are many instances of families depleting their savings on long-term care (LTC) expenses when an insurance plan could have helped soften the financial burden. The COVID pandemic, particularly, has surfaced the need for long-term care solutions.


The long-term care market has changed over the past couple of decades- mainly due to the ever-changing demographics of our society. There are plenty of options available, and it is important to consider all of them as part of your family financial plan. One option to think about is a hybrid life insurance/LTC insurance plan, because that can alleviate the concern of possibly paying for an LTC plan you’ll never use. You can sometimes add LTC onto a life insurance plan, along with critical or chronic illness riders. There are a lot of pros and cons to hybrid life insurance, so give us a call if you’re interested in learning more.


Okay, it’s not officially fall for a couple more weeks, but as you can see from our LTC insurance discussion, we’re all about thinking ahead. So we thought we’d point you to this very cool fall foliage map, along with a guide for where to go when:

  • October 10 to 24: Washington, Montana, North Dakota, Wisconsin, Michigan, New York, Vermont, Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, Delaware, New Jersey
  • October 24 to 31: Oregon, Idaho, Wyoming, South Dakota, Nebraska, Iowa, Illinois, Ohio, Virginia, West Virginia
  • October 31 to November 7: California, Nevada, Utah, Colorado, Kansas, Missouri, New Mexico, North Carolina, Kentucky, Tennessee
  • November 7 to 21: Oklahoma, Texas, Arkansas, Louisiana, Mississippi, Alabama, South Carolina, Georgia, Florida

That’s it for us this week. Let us know where you’ve seen excellent fall foliage, and we’ll be back in your inboxes next Friday.

How We Help


This week we met with some clients to talk through where they want to live when they retire. They want to be close to their children, but they also want to live in warmer weather. So the solution is easy, right? Just get the kids to move their whole lives to a warmer climate! Problem solved!


All right, it’s not that easy, but you can’t say we didn’t try. We did have a great conversation with our clients and suggested to them that they rent a house for a season before buying a new home or selling their current one, in case they changed their mind or decided they didn’t like the area at all. Of course, that comes with the expense of maintaining two residences for a period of time, so planning ahead for that is key.


If you want to get the ball rolling on post-retirement living arrangements, give us a call and we’ll figure out what can work for you.


Advisory Services offered through Obsidian Personal Planning Solutions, LLC. Securities are offered through Triad Advisors, member ​FINRA/SIPC.​ Obsidian Personal Planning Solutions, LLC, and Obsidian Personal Planning Solutions, Inc, are not affiliated with Triad Advisors.



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