Episode 176 – Moments That Matter: Unexpected Health Events with Steve and Phyllis Gresham

In this podcast, Steve Gresham, the Managing Principal of NextChapter and the Senior Education Advisor with the Alliance of Lifetime Income, is joined by his mother, Phyllis Gresham, for a special episode on unexpected medical events. The duo explores the challenges, lessons, and need for preparedness surrounding caregiving, long-term care, and the inevitable health changes that come with age. They also discussed: Challenges advisors face when clients experience unexpected medical events. The effects of chronic health issues gradually impacting daily life. The transition to a sudden and drastic change in health, leading to a need for external help and medical intervention. Acknowledgment of complex medical considerations for treatment and care, considering age and cognitive issues. The need for preparation and decision-making when facing retirement and potential health issues, including the consideration of long-term care facilities. Advocacy and involvement of family members in ensuring quality care in long-term care facilities. The lack of awareness and understanding among people regarding their roles in long-term care situations. Addressing the gender disparity in longevity and how it impacts retirement planning.   Resources:  NextChapter Alliance for Lifetime Income