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...]
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...]
