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When thinking about retirement, it can be overwhelming to figure out all the numbers, like what age you’re going to retire, how much money you need and how long you need the money to last. We are here to help and provide guidance to achieve your retirement dreams
As you age, your insurance needs to change. First, review your insurance needs and your medical and dental insurance because many employers do not provide health plans to retirees.
Review your life insurance coverage because you may not necessarily need as much life insurance as when you had dependents and a mortgage, but you may still need to review your estate and final expense needs.
Prepare for the unexpected such as a critical illness or long-term care.
One other consideration that’s not typically discussed is divorce. This can be an uncomfortable question. However, divorce among adults ages 50 and over is rising, which can be financially devastating for both parties.