Assess. Plan. Achieve.
No matter your goal, understanding your options is paramount to achieving them. This site aims to educate visitors with easy to digest information with the hope of helping start conversations at home. We do not, and will not, make personalized recommendations or promote products. Browse topics below and develop a strategy for your own retirement payments.
Long-Term Care Insurance.Long-term care insurance is a type of insurance that helps pay for the cost of long-term care services, such as nursing home care, assisted living, and home health care. It can be a valuable financial tool for people who are concerned about the cost of long-term care, but it's not right for everyone.
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Annuities.An annuity is a financial product that provides you with a guaranteed income stream for a set period of time or for the rest of your life. You can purchase an annuity with either a lump sum of money or with a series of payments over time.
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Reverse Mortgages.Reverse mortgages can be a good option for homeowners who need cash but do not want to sell their home. They can also be a good option for homeowners who are on a fixed income and need extra money to supplement their retirement income. However, it's important to understand the risks of reverse mortgages before you take out one.
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Retirement Accounts.Retirement accounts, such as 401(k)s and IRAs, offer tax benefits that can help you save for retirement. You can withdraw money from these accounts tax-free after you reach retirement age.
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Wills & Trusts.Wills and trusts allow you to decide who will receive your assets, protect your assets from creditors and lawsuits, provide for your loved ones with special needs, minimize taxes, and avoid probate after you are gone. They are important parts of financial planning because they can help you ensure that your assets are distributed according to your wishes and that your loved ones are taken care of.
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Real Estate.Real estate can be a great investment for retirement, as it can provide passive income, appreciate in value, and offer tax benefits. It can also be a hedge against inflation, which can erode the value of your savings. However, it's important to remember that real estate can be illiquid and risky, so it's important to do your research and understand the risks involved before you invest.
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Life Insurance.Life insurance can be a valuable asset for many people. It can provide financial security for your loved ones when you are gone, and it can also protect your assets from being depleted by estate taxes. If you're considering life insurance, it's important to understand all the options to ensure they align with your individual needs, goals, and risk appetite.
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Social Security.Social Security can help retirees make ends meet by providing a monthly income. When a retired spouse dies, the surviving spouse may be eligible for survivor benefits. Survivor benefits can be paid to widows, widowers, and certain children. The amount of benefits you receive depends on you or your deceased spouse's earnings history and the number of years they worked.
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Health Savings Accounts.Wills and trusts allow you to decide who will receive your assets, protect your assets from creditors and lawsuits, provide for your loved ones with special needs, minimize taxes, and avoid probate after you are gone. They are important parts of financial planning because they can help you ensure that your assets are distributed according to your wishes and that your loved ones are taken care of.
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Legacy Planning.Legacy planning can be a complex process, but it's important to get started early. By taking the time to plan your legacy, you can ensure that your wishes are carried out and that your loved ones are taken care of after you're gone.
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