Long-term care insurance helps cover the cost of long-term care, including in-home care, assisted living, and nursing home care. According to the National Association of Insurance Commissioners (NAIC), about 7.5 million Americans had long-term care insurance policies in 2019. There are several reasons to purchase long-term care insurance. For one thing, it can help to […]
What is retirement planning?
Retirement planning is figuring out how much money you will need to have saved up when you retire so that you can live comfortably. It involves estimating how long you will live and how much money you will need each year to cover your expenses.
Learn more about retirement planning from our financial advisors below.
As you begin to contemplate retirement from your current job, you have the opportunity to take funds from your 401K account and transfer it into a better vehicle. Use an Annuity to transfer your money into a better, less restrictive, and more flexible plan. What are the Advantages of rolling your 401k into an Annuity? […]
Could an annuity help you enjoy your retirement? Hurricane Sandy devastated the Atlantic Seaboard, the national election has come and gone, but your money is still safe and sound. Think of the simplicity the annuity brings to your life. No fees, no loads, no market risk. You have a product that will fund Baby […]
“In today’s insane economic environment, it’s easy to be lured into risking your savings by chasing after returns. If you’re close to retirement, keep calm and focus on your long-term objectives.” – Tim Davis If you’re a few years from retirement, you’ve lived long enough to know there is a tradeoff between risk and reward. For […]
“Having a pet in retirement can be a source of joy. But, pets can also create financial stress. It’s a good idea to plan for pet ownership when you’re retired. -Lyle Boss Having a pet in your home as you age is something of a double-edged sword. On the one hand, a companion animal can […]
As we age, healthcare becomes an increasingly important part of our lives. For many seniors, Medicare is a vital source of coverage. However, it’s essential to understand that Medicare does not cover everything. While you may not have to pay premiums for hospitalization coverage, you will still need to purchase a Medicare Advantage or Medigap […]
Timing the market, especially post-COVID, is difficult for even the most seasoned investors. However, the closer you are to retirement, the less time you’ll have to recover from money mistakes. Whether you are in the early stages of growing wealth or are beginning to wind down the accumulation facet of your financial life, dollar-cost averaging […]
“The best time to start planning your retirement is probably the day you get your first paycheck.” Jeff Kennedy If you’re like most people, planning retirement when you believe you have 15 or 20 years of work left feels a bit premature. However, earlier is almost always better when planning for the end of your […]
There are few things we can control in life; we cannot control tax increases, inflation, crashes in the market, or unexpected health crises. You can control how you plan for the unexpected, which is imperative, especially when you are near or in retirement. What you do with the assets you have built up […]
As a child, I loved jigsaw puzzles. When put together correctly, all those colorful pieces made a beautiful picture. The trick is knowing how those pieces went together, and I always found that working from the outside in, building the frame, so to speak, made it easier to make the whole puzzle come together. One […]