Retirement Planning Concerns
It's Never Too Early to Plan for Your Retirement
A secure, comfortable retirement is every person’s dream. Since we're living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did. Achieving the dream of a secure, comfortable retirement is much easier when you plan your finances accordingly.
We're Specialists in your Guaranteed Retirement Income & Retirement Nest Egg Safety.
We specialize in your Retirement Nest Egg Safety and the Guaranteed Income Distribution Phase of your retirement. You may have had great help during the Accumulation Phase of your retirement savings, but now you don't want to lose it. We know. We show you and/or your spouse how you may live your Retirement/Distribution years without the worry of Stock Market Volatility and retirement savings drain.
We help ensure that you and/or your spouse have a Guaranteed Income stream for life, and that your Nest Egg stays safe, and get respectable returns. If you and your spouse both pass, your beneficiaries or estate would get the balance.
We use our proprietary Software that incorporates all Assets/Income sources including Social Security. We also plan for the events where income could be lost due to the loss of a spouse. Then we give you a beautiful customized financial binder & reports for all your documents. You're going to love it!
You may also see the other aspects of retirement below if you desire.
Call or Email us for our Free Virtual or in Person Appointments.
Social Security Retirement Planner can help you now
A good place to start thinking about planning for your retirement is with the Social Security Planner. Here you can find tools and guides to help you think through this phase of your life. It also points out things you may want to consider as you prepare for the future.
If you are:
Looking for information? Click on any links below. OR Contact us.
- Find your retirement age
- Estimate your life expectancy
- Use the Retirement Estimator and the other benefit calculators to test different retirement ages or future earnings amounts
- Learn about Social Security programs
- Find out what happens if you work after you retire or if you are already a Medicare Beneficiary
- Learn how certain types of earnings and pensions can affect your benefits.
Already near retirement age, you can:
- Discover your retirement options
- Get information about how members of your family may qualify for benefits
- Find instructions on how to apply for benefits and what supporting documents you may need to furnish
- Apply for retirement benefits
Close to age 65, you can find out how to apply for just Medicare. You may need to sign up for Medicare close to your 65th birthday, even if you will not be retired by that time.
- Some health insurance plans change automatically at age 65.
If you are getting Social Security benefits when you turn 65, your Medicare Hospital Benefits will start automatically.
Fact vs. Fiction About Long Term Care Insurance
Fiction: I am probably already covered for long term care.
Fact: Most people think that their insurance covers long term care expenses. That is not so. Long term care is NOT covered by other kinds of insurance, including your HMO, health or long term disability insurance. Only long term care insurance that you typically purchase on your own covers day-to-day personal care assistance when you are unable to perform everyday activities like bathing and dressing.
Fiction: Medicare or Medicaid will cover my long term care.
Fact: Medicare does not generally cover long term care. Medicare pays for skilled care in a nursing home only for short periods (only up to 100 days) during which you are recuperating following a hospital stay for a related condition. If you need personal or custodial care, Medicare will not pay these costs. Medicare will only pay for care at home under very limited circumstances.
Fact: Medicaid pays for Long Term Care but, only for people with very low assets and limited income. The process to get Medicaid to pay LTC, will be disheartening if you have assets that you want to preserve. You may not be able to preserve assets due to the spend down process. If you or friend is this unfortunate situation, and would like to try and preserve some assets, Please Call us. We have a Network of Professionals, and we may be able to help you.
Fiction: Long term care is only for the elderly.
Fact: While the majority of people who require long term care are elderly, younger people can require it at any time due to an unexpected illnesses, diseases, injuries or accidents.
Fiction: I won’t need long term care insurance because my family will be able to care for me.
Fact: Families do and will continue to provide care, but what if you need professional help or a stay in a nursing home or assisted living facility? Plus, caring for a family member can be a huge financial and emotional burden. And, the fact that family and friends may help supplement care does not have any bearing on the cost of coverage.
Fiction: I can’t afford long term care insurance.
Fact: Long term care insurance is more affordable than you might think and can be tailored to meet your needs and your budget. The costs of long term care insurance can be managed by creating a retirement plan or a financial plan that is right for you. Also, the younger you are when you purchase long term care insurance, the lower the premiums.
Check out more facts about long term care or give us a call to discuss your questions.