Retirees
Life Insurance
Insurance that pays out a sum of money either on the death of the insured person or after a set period. There are multiple types of life insurance which do this in a multitude of ways and with different benefits. Insurance that pays out a sum of money either on the death of the insured person or after a set period. There are multiple types of life insurance which do this in a multitude of ways and with different benefits.
Advisory Wealth Management
Managing retirement wealth in the 21st century can be complex. Having a tactical wealth management plan, with action items, a timeline of events, and a planning checklist – helps to guide investors on their journey to retirement the retirement that they envision.
Long-Term Care (LTC) Insurance
Long-term care (LTC) insurance is coverage that provides nursing-home care, home-health care, and personal or adult daycare for individuals age 65 or older or with a chronic or disabling condition that needs constant supervision.
Estate Planning
Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death. The planning includes the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate law.
Durable Power of Attorney: A document that authorizes someone to act in a wide range of legal and business matters and remains in effect even if you are incapacitated.
Health Care Directive: A written legal document that states your healthcare wishes if you are unable to communicate or make decisions. The document appoints an individual to be your agent that oversees executing your wishes and preferences regarding provisions of healthcare-by-healthcare providers such as doctors, nurses, specialists, etc.
Will: Everyone over age 18 should have a will. It is the rulebook for the distribution of your assets, and it could prevent havoc among your heirs. A will can also name a guardian for your minor children and designate who should care for your pets. You can leave assets to charitable organizations through your will, too.
Annuities
Deferred Annuity: Payments are issued at a later date.
Fixed Annuity: Provides guaranteed payments throughout retirement or over a set period of time.
Fixed-Indexed Annuity: There is usually a guaranteed* minimum income benefit as well as an opportunity for gains because this type of annuity is also tied to a market-based index like the S&P 500*.
Immediate Annuity: You make a lump sum payment, and then start receiving regular income payments for the rest of your life or for an indicated time frame.
Variable Annuity: Please contact me for specific details on variable annuities.
* Guarantees are based on the claims-paying ability of issuing Life Insurance Company. The S&P 500 is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.