Today’s longer life expectancies – people living well into their 70s, 80s and beyond – provide all of us with the hope of fully enjoying life beyond our working years. That is why we believe a great financial plan should also include smart thinking that focuses on preserving your preferred standard of living as you grow older. Financial planning that can meaningfully address these quality of life issues can make all the difference.

When it comes to planning, starting earlier is always better because you have more choices and more time to make them. Our knowledgeable and experienced team can help you sort through the possibilities and offer financial advice designed to guide you up to and through the retirement you’ve envisioned.

  • Housing: The Right Place For You

    Even in retirement, housing remains the largest spending category. Where we choose to call home is an important decision, and one that deserves serious thought. Even if we can no longer live at home, the news is still good due to the increased number of housing options designed specifically for those who still want to enjoy a fulfilling lifestyle. It is always best to think about your choices before it becomes an immediate need.

    Let’s talk about:

    • Do you want to stay in your home? Will it need to be modified?
    • What housing options are available to you, and what will they cost?
    • Would you want to downsize? Relocate to a pedestrian-friendly neighborhood?

  • Healthcare: Safeguard Your Well-Being

    Your finances and your health are intertwined in complex ways. And as you get older, health issues and their associated costs tend to add up. By planning for future healthcare costs today, you’ll have the comfort of knowing you will be cared for and both you and your family will be protected from a rising financial burden.

    Things to consider:

    • What will the treatment of existing medical conditions cost over the long term?
    • Do you know what costs Medicare will cover?
    • Should you consider long-term care insurance?

  • Caregiving: Addressing The Need For Care

    At some point, you may be providing care or receiving care, so this must be taken into account in long-term financial planning.

    Things to consider:

    • Do you understand the full impact of being a caregiver?
    • How will you get the care you need as you age?
    • Is long-term care insurance a good idea for you?

  • Transportation: Go Where You Want To

    Being mobile means being independent. And retirement life brings more opportunity to go where you want whenever you want. That may help explain why transportation is the second largest expense for individuals older than 65. This accounts for about 15% of their annual expenditures, according to the Bureau of Labor Statistics. That is why we make sure to account for it as part of your long-term financial plan and a major part of a fulfilling second act.

    Things to consider:

    • How will you get to your favorite places in retirement?
    • Who will assist you if you can’t drive yourself somewhere?
    • What transportation options are available in your area?

Today’s longer life expectancies present opportunities and challenges as we get older. We're here to help.