Senior Needs Planning Introduction

Welcome to my series on Senior Needs Planning.

Seniors have a host of needs, both before and throughout retirement.

These needs may cover a range of topics including Retirement Income Planning, Social Security, Medicare & Medicaid, Retirement Plan Distributions, Annuities and Life Insurance, Senior Health Care Needs, Final Expense Planning and

Wills & Estate Planning.

I will discuss each of these topics, and several others, throughout the Senior Needs Planning series.

I am introducing this series because, we are in an era where 10,0000 Americans are turning 65 every day, and a new potential retiree is entering into their golden years. Retirees today are very diverse and most have unique needs and an individual vision for what the next phase of their life past 60 will look like.

Years ago, retirement was typically the same for most people: work ended at age 65, followed by a decade or so of leisure, during which a company pension and Social Security provided most of a retiree’s income. Because life expectancies were shorter, planning for a retirement that could last several decades was rarely necessary.

Today, the picture is more complex. People are living longer today than previous generations, making it possible that they will spend 20 to 30 years of their lives in retirement. Today’s retirees are also more likely to be active—traveling, entertaining, and otherwise continuing to live at their accustomed level.

And retirement no longer signifies the end of work: many retirees continue working in some way. Some will work part-time, others may start a business, and some will cycle in and out of the job market throughout their retirement.

Unlike their counterparts from even a generation ago, today’s retirees face additional uncertainty about the future. As the number and availability of traditional company-sponsored pension plans dwindle, Americans are now shouldering more of the responsibilities—and risks—for ensuring that their futures are financially secure.

Threatening that security is increasing health care expenses, including the cost of long-term care, which pose serious financial threats to retirees and can quickly deplete a lifetime of savings.

And, while many retirees rely heavily on Social Security benefits during retirement, the program’s future viability is questionable.

This changing landscape means that retirement planning is even more important and urgent than ever before.

The primary challenge—ensuring a financially secure retirement—is a serious one.

My job as a Senior Needs Planning professional is to help my clients evaluate and strategically plan for a comfortable retirement, that may last almost if their working years.

I hope the information I provide throughout the series is helpful.

If there are specific questions that I can answer for you, based on your unique circumstances, please reach out to me, and allow me to help.

I pray you have a comfortable and secure future.


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