Melissa Brooks - Financial Resources Group

Avoiding Risk With Your Retirement Strategies

September 11, 2021

While you may know that you cannot avoid risk in your life, you can prepare for it with your retirement strategies. Depending on your stage in life, there are specific risks you may want to think about and incorporate into your planning. We read about three key retirement concerns and the evolving needs and risks associated with them. We wanted to share them with you this week: Providing for your family’s future Protecting what you’ve worked for Passing on your legacy Call us if you’d like to discuss any of these, or are looking for suggestions on how to accomplish

Independent Living

September 3, 2021

Sometimes when we think of our later years in retirement, we forget to reflect on what savings we will need beyond the monthly costs of healthcare, rent, food, etc. at an independent living facility. We need to remember to consider the larger sum of money needed to “buy in” to long-term care. This week’s article addresses how long you may need long-term care and how much it could cost: “…half of people over 65 will incur long-term care costs, and 15% will incur more than $250,000 in costs, according to a study by Vanguard Research and Mercer Health and Benefits.”