{"podcast":{"title":"Farming Without the Bank Podcast","slug":"farming-without-the-bank-podcast-86470","podcast_index_feed_id":86470,"rss_url":"https://farmingwithoutthebank.libsyn.com/rss","website_url":"https://www.farmingwithoutthebank.com/","image_url":"https://static.libsyn.com/p/assets/b/5/1/0/b5108900127785bfd959afa2a1bf1c87/FWTB_Podcast_1400x1400.png","author":"Mary Jo Irmen","episode_count":360,"summary":"Welcome to the Farming Without the Bank podcast, the show with a no-B.S. approach to money, hosted by a farm strategy expert and authorized IBC practitioner. Join us as we get real and expose the flaws of traditional financial institutions in order to help farmers take control of their finances, create peace of mind, grow their wealth, and leave a legacy. https://www.farmingwithoutthebank.com/","last_synced_at":"2026-06-26T20:18:31.452507+00:00","page_url":"https://stenobird.com/podcast/farming-without-the-bank-podcast-86470"},"episode":{"title":"Long-Term Care Planning Most Advisors Miss (And Why It Matters) (Ep. 348)","slug":"long-term-care-planning-most-advisors-miss-and-why-it-matters-ep-348","published_at":"2026-04-03T10:00:00+00:00","page_url":"https://stenobird.com/podcast/farming-without-the-bank-podcast-86470/long-term-care-planning-most-advisors-miss-and-why-it-matters-ep-348","show_page_url":"https://stenobird.com/podcast/farming-without-the-bank-podcast-86470","url":"https://farmingwithoutthebank.libsyn.com/ep-348-long-term-care-planning-most-advisors-miss-and-why-it-matters","audio_url":"https://traffic.libsyn.com/secure/farmingwithoutthebank/FWTB_-_Ep._348_-_Michelle_Prather_Pt_4.mp3?dest-id=1182140","summary":"Most financial plans ignore long-term care—and it can cost you everything you built. 👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMsTGKFw5nJHQ 👉 Get the book: https://www.farmingwithoutthebank.com/book Long-term care is one of the biggest financial risks facing farmers, ranchers, and business owners—yet it's often overlooked or misunderstood. In this episode, Mary Jo sits down with long-term care specialist Michelle Prather to break down what most advisors miss, why self-insuring often fails, and how the wrong strategy can force the sale of land, equipment, or a business. They walk through real scenarios, underwriting realities, and the hidden risks of relying on life insurance riders, investment accounts, or \"just saving more.\" The conversation also highlights how long-term care impacts not just retirement—but cash flow, legacy planning, and business continuity. If your plan doesn't account for long-term care, it's incomplete. Key Takeaways: - Why most financial advisors overlook long-term care planning - The difference between long-term care, disability, and life insurance - Why \"self-insuring\" can destroy long-term wealth - The risks of relying on life insurance riders for care - How long-term care protects farms, land, and businesses - Real underwriting insights: who can still qualify and when - Why lifetime coverage vs. short-term policies matters - The tax advantages of proper long-term care planning Chapters: 00:00 Why specialization matters in financial planning 02:00 Selling equipment to fund long-term care 05:00 Who can qualify (even with health issues) 10:00 Lifetime vs. short-term coverage explained 14:00 Business owners: protecting income and value 18:00 Long-term care vs. disability insurance 22:00 The truth about life insurance ride…","meta_description":"Most financial plans ignore long-term care—and it can cost you everything you built. 👉 Follow Mary Jo Here: https://www.youtube.com/channel/UCXYvzroUouEMs…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2813,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/farming-without-the-bank-podcast-86470/episodes/long-term-care-planning-most-advisors-miss-and-why-it-matters-ep-348/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/farming-without-the-bank-podcast-86470/long-term-care-planning-most-advisors-miss-and-why-it-matters-ep-348.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}