In this episode, Dave Zaegel interviews Lily Vitairuk School, the founder and CEO of Waterlily, about long-term care planning. Lily shares her personal experience of caring for a loved one and the challenges it brought to her family. She explains how Waterlily's software uses AI to help families and financial advisors plan for long-term care by providing personalized cost estimates and insights.   https://www.joinwaterlily.com/   The conversation highlights the importance of proactive planning, overcoming biases, and involving family members in the decision-making process. Lily also mentions the resources available on Waterlily's blog for further education on long-term care.   Takeaways: Long-term care is a complex and challenging aspect of retirement planning, as the exact needs and costs are uncertain. Waterlily's software uses AI to provide personalized cost estimates and insights for long-term care planning. Proactive planning and involving family members are crucial for successful long-term care planning. Overcoming biases and assumptions about long-term care insurance and involving family in decision-making are important steps in the planning process. Chapters: