Retirement planning is essential to securing a level of comfort for you and your family when you retire. The most important steps to a happy retirement are saving and investing your money. After working for a long time, a big rest is exactly what you need. Whether you want to travel, pick up a new hobby, or just relax in your retirement, it’s important to plan for those “golden years”.
We can help you plan for your retirement years with a wide variety of investment vehicles and insurance products as shown below
A 401(k) plan allows you to postpone receiving a portion of your salary until you retire. You choose the amount of income you’d like to “send to the future,” or defer annually. Advantages of a 401(k) include:
- Chance of lowering your income rate by deferring a portion of your taxable income.
- Ability to access the money for certain situations like buying a house, college fees, or in some hardship situations.
- Your Social Security contributions and benefits will not be impacted by your 401(k) plan.
- Your account is transferable—so you can take it with you from job to job
Long Term Care
Long-Term Care has been defined as medically necessary assistance, recommended by a physician for the treatment of a chronic illness or debilitating injury on a long term basis. Recovery is usually not expected. Care is oriented toward helping a person function, not toward a cure.
Long-term care is typically not covered by your health plan, disability coverage or Medicare. Medicaid does cover long-term care, but only after you have used up your assets paying for care.