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Get Help Before Retirement

The Four Items You Need To Think About Before You Retire


1. When should I take my Social Security Benefits? When should my spouse start their benefits? Your three options are early, late, or right on time. Most people think that selecting the right investments is their most important retirement decision. However, for the average American, choosing when to claim Social Security benefits has a much greater impact on retirement security than how to invest financial assets. We can help you and/or your spouse maximize your social security retirement income. If you are married, we take both of your lives into consideration for maximizing your benefits. We can do a Social Security analysis based on your personal estimated Social Security Benefits and put them into an easy-to-read report. By having the analysis, you can be confident that you are selecting the best option for a secure retirement.


2. Have you protected yourself against inflation? Most experts are forecasting that inflation will go up over the next 30 years. However, many retirees do not even think about inflation when they are making  their plans. They say, "I've got $1 million divided by $40,000 a year, and that should last me 25 years." Nevertheless, if the rate of inflation does increase, and you have not made adjustments to deal with it, it could take a real toll on your future  income. We can help you factor inflation into your retirement plan to come up with the optimal retirement income for you and/or your spouse.


3. Are you managing risk? Do you have the same risk profile that you had in your 30s and 40? Do you know how much risk you are currently taking? When you are drawing income from your assets, it is incredibly difficult to come back from a market downturn. It is important to bring risk under control, and you can do that with some common strategies such as diversification. We can run a free portfolio analysis for you to determine how much risk you are currently taking and make recommendations for managing it.


4. Does your retirement budget include taxes, health care costs, and a potential long-term care event? According to the U.S. Department of Health and Human Services, 70% percent of people turning age 65 can expect to use some form of long-term care during their lives. Those are very high odds, and yet many Americans have no way to pay those bills -- and Medicare only covers short stays under specific circumstances. We can discuss with you the variety of options for paying for long-term care without depleting all of your assets.


If you have a blueprint in place that addresses these four concerns -- a plan that is amendable as times change so you stay on the right track -- you will have a successful retirement.

Confused about Medicare and the alphabet soup of options? You are not alone. We believe that the more educated you are on what senior healthcare costs look like, the better equipped you will be to keep them to a minimum. Call us. We can help educate you so you can make the best choice for yourself and your family.

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