Preparing for retirement requires a projection of expenses that capture the lifestyle of your dreams. Paying for Medicare beginning at age 65 is one of the most anticipated costs for retirees. But every client I have ever prepared for retirement was unaware of a term called IRMAA and the possible unexpected cost. This additional premium may not show up until a dozen years into retirement, but when it does, you could be paying it for the rest of your life. Let’s explore the impact of this … [Read more...]
Retirement Planning
Do you know when you can retire? Do you know how long your retirement savings will last? With the average life span increasing, many of us will have 30 years of retirement or more. • Are you prepared for retirement? • Will your savings and retirement income be enough? • What forms of income will you have? • Do you know what your income needs will be at retirement? … [Read more...]
How Can A Financial Advisor Help?
A Financial Advisor can help you: assess your current financial situation. create a realistic plan to meet your financial goals. understand how to meet your financial and retirement goals. put your financial plan into action and monitor your progress. update your financial plan to grow with your changing needs and goals. … [Read more...]
How Much Insurance Do I Need?
This question requires careful consideration. First, ask yourself: "If I died tomorrow, how much money would my family need?" Insurance reduces risk and provides security for yourself and your family's future. To know how much insurance you need, you'll need to consider your lifestyle and what the possible risks are that could affect it. When calculating how much life insurance you need, consider the following: Estate Expenses Funeral Expenses Mortgage Liability Loans and … [Read more...]
