Creating a budget is crucial to fulfilling your plans for retirement. Be sure to plan on a reserve for emergency situations when evaluating your needs.
Changes in your family or other circumstances make it important to regularly review your plans for your property and your medical care.
Work with an advisor to develop or review a plan for your property and assets, including your Will, trusts, liquidity of assets and gifting.
Depending on your tolerance for risk and your retirement cash needs, explore higher-return investments with your advisor.
Depending on your plans, you can supplement your savings with part-time employment. Volunteer work can also help you by building a support network within your community.
Plan and discuss your desires and needs for possible long-term healthcare needs with your family.
Medicare may not be enough to provide the level of care you need; work with an agent to determine an affordable level of coverage.
If you have a business, you need to plan for a fair and predictable transfer of your business should you die or wish to move on.
Annuities are insurance products that can guarantee* you a fixed income after you retire. They can be a supplement to other savings plans.
*Guarantees are backed by the claims paying ability of the insurance company.