Couples and individuals who are nearing retirement have a crucial need: They need to know that they have saved enough to last the rest of their lives.
We help pre-retirees understand what their retirement can look like and how they can fund it while addressing potential red flags. We work with you to:
- Develop an accurate budget for spending in retirement
- Understand the options available through Medicare and the cost of those options
- Review Social Security benefits, and identify the optimal time to begin drawing benefits to maximize the likelihood that your financial plan will be successful
- Understand the mechanics behind taking portfolio withdrawals to support your financial needs
- Assess the impact of a potential long-term-care need on your overall retirement plan
A question clients often ask as they approach retirement is whether or not they need long-term care insurance. The basic concept is pretty straightforward - if, at some point in the future, you need long-term care, you should be able to purchase insurance to partially...
A pretty common stereotype when it comes to retirement is the overworked, underpaid worker who would retire immediately and pursue the Island Life if they only could. And while I have worked with some clients whose immediate answer was “tomorrow” when I asked when...
If you are planning for retirement, estimating healthcare costs should be part of your plan. In recent posts, I have covered a Vanguard study on retirement healthcare spending, as well as the structure of traditional Medicare and Medicare prescription drug coverage....