Healthcare – Planning for the costs of medical care can be very expensive if not carefully reviewed prior to retirement. Individual plans are now issued no matter what your health history has been in the past. However the cost of a policy may be a surprise to someone coming off a group plan and shopping the market for an individual policy. Visit www.123EasyHealthInsurance.com to see every plan from every company in one place. Medicare can also be confusing. Visit www.123EasyMedicare.com to learn about your options before you select a plan.
Long Term Care – Planning for the costs of long term care is never a topic for discussion at the local diner, unlike Medicare. Long term care affects 7 out of 10 people in retirement. Planning for a time when you can no longer take care of yourself is only important if you have family you care about. Visit www.AmericanRetire.com or Click to learn more.
Retirement Income – Planning for the rest of your life usually sounds too big to tackle in one session, and it is a big undertaking. In fact, most people spend more time planning their next vacation then they do researching how to get the most from their Social Security benefits. Pensions can also be a terrific source of income that cannot be outlived for your family, if initiated correctly. The area of retirement income planning is a specialty. Most folks would not go to a family doctor for back surgery, they would seek out a specialist with many recommendations and credentials. Both are doctors but one has limited their practice to one focused area so they may provide outstanding results. The same consideration relates to the specialty of Retirement Income Planning.
Legacy and Estate – Planning for the transference of your assets to the next generation is only one aspect of Legacy and Estate Planning. How you will be remembered is what most folks at the end of life are concerned about. How you created wonderful memories for your children, grandchildren and great grandchildren. I don’t know about you, but cleaning up someone’s messy room or dirty dishes is not what I consider fun. Leaving behind a financial mess is worse. Most folks are not trained to unravel that kind of mess. Providing funds for your final expenses. Leaving a will and a revocable living trust in good order and stating your healthcare wishes in writing all lead to positive mmemries.
Visit www.AmericanRetire.com or Click to learn more.
There are four areas that can significantly affect your life in retirement.
Addressing all of these before you retire can lead to a happy and successful retirement.
1. Healthcare planning including Medicare
2. Long term care planning
3. Legacy and Life insurance planning
4. Retirement income and savings
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We are not a government resource nor do we provide legal or tax advice. We make understanding Retirement Income Planning 123 Easy.
