In order to have a comfortable and secure retirement, you need to make a plan. That's why it makes sense to pay attention to the serious and perhaps boring part: planning how you’ll get there.
In a perfect world, the 41 million baby boomers still in the workforce would have been planning for retirement since the 1980s; having no major health crises, debts, or legal problems; buying and holding profitable, diverse investments with financial allies who didn't defraud them of their hard earned money; and working steadily all the while.
However, because life happens, more retirement-age individuals are projected to work into their 70s than at any other time in American history.
Estate planning is the first step, and most important step, in structuring retirement. Every family is different and has unique family issues that they sometimes continue to deal with, even in retirement.
Estate planning protects your retirement from disappearing in the event of disability, by appointing a trusted individual to look out for your interests. Also, distribution of your assets upon death ensures that your hard earned money goes where you want it to go, whether it's to protect your spouse, distribute to children from a first marriage, a cherished friend or your favorite charity.
We can also consult on ways to avoid losing your retirement assets to Medicaid and avoiding taxes on retirement income. Our firm aligns with tax and financial experts, if needed or to offer a "second opinion."
By attending a seminar or scheduling a meeting, you may be offered information regarding the purchase of insurance products.