Retirement: Age 55+
Wow, where did the time go! At your age 55 and beyond, your children are typically out on their
own, living their own lives. The void of the empty nest can be filled by the excitement of being foot-loose and
fancy-free again, like the days of dating. Whether imminent or still some years off, retirement likely looms large in
your thoughts.
In what
locale do we wish to retire? Will we work at all in "retirement?" Will we sell our home? Travel?
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Planning at this stage centers on some major issues:
- How to most efficiently
access retirement income.
- How
and when to tap Social Security versus company retirement plans versus individual accounts (taxable savings/investments, IRAs,
Roth IRAs, annuities, etc.).
- Health insurance affordability.
- Lifestyle decisions.
- Do we want to move to a new locale?
- Do we sell our current home?
- Will we work at all in "retirement"?
- How do we plan to spend
our time?
- How much money we "need" versus how much we "have"
- Estate planning
issues. Do we want to leave money to heirs? If so, how to do so most efficiently.
- Long-term care issues. Living wills, discussion of long-term care, nursing home
costs, gifting programs, etc.
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A happy, satisfying retirement is made up of many factors, one of the most important being
financial security. A financial roadmap is going to be one of the keys to your peace of mind.
.
Give yourself the best chance to really enjoy your retirement.
.
Contact Us today for a free initial consultation.
