Will you be living your dreams or living your fears?
We’re living longer, staying healthier, and remaining more active into old age than our parents’ generation could have imagined. And that’s wonderful.
Previous generations’ long-term retirement plans may have been for 10 to 15 years; your golden years may last three decades or more.
But with that comes the cost of more years of daily living and health care expenses; obviously, longevity brings its own risks.
For example, it may be tough for you to imagine a time when you’ll have a need for care. It may be difficult to imagine, but a 65-year old today has a 70% chance of needing long-term care at some point in his or her life.
It’s essential that your planning explores this possibility, and while it’s hard to contemplate this in your 40’s or 50’s, it’s a conversation that you need to have.
And along with this possibility, if you’re a couple, you need to make sure that, regardless of who is left behind and for how long, he or she can live comfortably.
The golden years are growing longer, yet most retirement plans we review have the owners dying too soon. And that’s a problem. It’s imperative that your funds last as long as you do so that you can live a confident, comfortable life.
With some planning and guidance, you could join that elite group of retirees who are enjoying a more fulfilling life in retirement.
Good advice happens when you and your advisor work together throughout the advice process. It’s easier than you think. And we’re here to help you every step of the way…