Many people think their money and goals are aligned, but this isn’t always the case. If your plan can’t answer “yes” to the questions below, you may be relying more on hope than strategy.
Can you stay confident in your plan through market volatility and global uncertainty?
Does your retirement income plan account for your life expectancy, and is it updated as your lifestyle or health needs change?
Have you planned for health care costs, co-pays, deductibles, dental expenses, and long-term care?
Have you addressed Medicare Parts A and B, Medigap, prescription coverage, and your Social Security claiming strategy?
Will or do you have guaranteed retirement income equal to at least your monthly fixed expenses?
Have you factored in inflation and a possible reduction in social security benefits?
These are the kinds of planning questions I help clients work through. If this approach resonates with you, I’d welcome the opportunity to talk.
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#certified financial planner
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#medicare