Facing Your Greatest Challenge

If you are a Boomer, you’re either rapidly approaching or have already begun your retirement years. Ideally, your retirement years will be everything you hope they are, but there are many challenges and risks facing you. Your biggest initial challenge will be recreating the income streams you had when you were working. But it won’t stop there:

Saving Enough & Making it Last

• Did you save enough, and will your savings last longer than you do?
• What can you do to protect yourself and your partner against outliving your assets?
• What income distribution (and spending) strategies should you use to cover fixed, variable, and unexpected expenses?
• If you need to use your assets, which ones should you tap first?  Does it matter?  (Yes.)
• Are you fortunate enough to have a pension, and if so, what payout option should you exercise?
• When should you start taking Social Security payments?

Planning for your Health and Long-term Care

• How do you navigate the Medicare health and drug plans?
• What role should Long-term Care insurance play in your financial plan – as a means of providing care and protecting assets?

Passing it On