For many, the term retirement services can and should cover a large array of topics. It’s not just about having enough money saved, but having a program to cover your entire retirement.
At Sapphire Blue Investment Partners here is just a sample of the topics that we frequently address
1. Why it’s important to take a dress rehearsal year before you retire:
- Once you retire you can never go back. That's why we believe it's important to spend a year before retirement, living on your anticipated retirement income.
2. What happens when the unexpected happens. Things you should have concerns about:
- Runaway inflation: A constant or high increase in the cost-of-living can devastate even the best laid retirement plans. How will inflation affect your retirement?
- An unexpected illness or death: Long-term healthcare costs can wipe out life savings in an instant. You need to be assured that you're prepared. There are new programs available that likely merit a look. You may want to consider them as a part of your long-term retirement plan.
- Review your life insurance: Too often we see people who have planned correctly which included a life insurance policy that has not performed at the level anticipated and ultimately expires worthless. Ask one of our advisors for a complementary in-force insurance illustration
- How to maneuver through Medicare: While Medicare can be a great addition to your healthcare planning it can also be cumbersome to determine which plan or which supplemental plan or plans you should consider. We have experts on staff that can help you maneuver through the complicated decisions of Medicare.
- When should you receive Social Security? Social Security is a great retirement income source, however it can be difficult to decide when is the best time to take it. Matters like income tax, age, health and even your spouse are important things to consider before applying for your benefits.
- Are you emotionally prepared for retirement? You've done a great job of saving, planning and investing and now it's time to call it quits, but what does that really mean? What will your day consist of? What will your life consist of? And are you emotionally prepared for the changes that you potentially could experience?
- 3. These are all topics that your advisor will discuss with you at your retirement planning strategy sessions.