Getting Started
Helpful Suggestions for Your Retirement Planning
Things to do:
- Update your will, medical and legal powers of attorney, advance directives, trusts, and beneficiaries
- Review your life and health insurance policies
- Review your long-term care policy
- Set aside a “rainy day” fund
- Review pension and social security distribution options
- Create retirement, distribution and cash flow analyses
- Allocate assets to manage risk and distribute income*
- Track your true after-tax expenses
- Decide on the retirement lifestyle you want
- Consider downsizing versus remaining in your current home
- Budget for possible health care costs
- Review Medicare and Medigap options
*Asset allocation does not ensure a profit or protect against a loss
Steps to avoid common errors:
- Allow plenty of leeway in estimating life expectancy
- Calculate generous health care estimates for unexpected or long-term catastrophic illness
- Base your projected living expenses on a realistic cash flow plan
- Plan for high inflation when projecting future living expenses
- Use Social Security Administration statements to correctly estimate your Social Security income replacement
Retirement Planning Resources
Retirement Lifestyle Plan – A simple tool to help you begin planning for your retirement.
Budget Data Gathering – An effective resource to assist you in planning your complete retirement budget.
MoneyGuidePro – A short graphic highlighting the planning tool we use for your retirement.
Retirement Guide – J.P. Morgan’s retirement guide providing helpful information tailored toward individuals planning to retire.
2024 Social Security Reference Guide
Principles for Successful Long-Term Investing – Another presentation offered by J.P. Morgan explaining seven strategies to achieve one’s financial goals.
Guide to the Markets
Retirement Well-Planned
Medicare Options
We Can Help You with Medicare Options
We have a dedicated, independent life insurance agent who specializes in Medicare products, including Medicare Advantage, Medicare Supplement and Medicare Prescription Drug plans. She has helped thousands of people navigate the many options available across all types of Medicare products. Her mission is to understand the specific needs of each of her clients to find the right Medicare plan that is best for the client. She is also familiar with group retiree coverage and can help clients decide whether remaining in a group retiree plan or purchasing an individual Medicare plan is the best option.
Please contact us today so we can learn more about your situation and see if our agent can assist you with your needs.
She is an independent life insurance agent and is not affiliated with Retirement & Investment Group, LLC or LPL Financial.