Retirement Planning

Understanding Medicare

It is not an easy feat to understand all the aspects of Medicare, much less choosing the plan that is right for you. And unfortunately, we cannot sum up in one article - or even two - how to choose the right plan for you. This is a task that really needs to be coordinated with your entire life plan. But what we can do is help you understand the system so that the task is not so daunting.

Rejuvenation in June

Hall of Fame Dallas Cowboy Roger Staubach one said: "There are no traffic jams along the extra mile." Are you up for the Greatness Challenge? Check out this week's episode to find out more info.

The Responsibility Club

With around 80 million Baby Boomers in retirement or entering retirement, it doesn’t matter if you are one of them or part of Generation X, you might not be able to obtain the same pensions and government benefits your parents enjoyed, thereby placing a much larger burden on your own children and bringing them into the same club.

Is Your Retirement Portfolio Built to Last?

The only guarantee is that there are no guarantees in life. When you retire there is no guarantee what the next three years will be. And, if you are retired, there is no guarantee what the next three years will be. The key is to plan for just this.

Did You Miss This in Your Retirement Plan?

Have you considered your marital status during retirement – and its financial and social impact on you? According to the US Census Bureau, 42.4% of people over age 65 were single in 2015 and 1 in 4 of those was a widow or a widower. So whether you are already single or believe you will never be single - this is for you.

Long-Term Care Insurance

I urge you to consider long-term care planning as a chapter in your estate plan. Yes, long-term care insurance is lousy, but it may be the only option. Would be worth giving up ½ of 1% of the return on your estate to protect your estate? Just remember plan for it when you don’t need it, because when you do need it; it will be too late.

Fear of Outliving Your Money

What choices do you need to make to mitigate the fear of running out of money? We commonly ask families these three questions when it comes to their financial plans.1. Could you? Could you make a few changes if you needed to?2. Would you? Would you actually make these changes?3. When? If so, when? Every year lost is lost to a year of worry. Is it worth it?

The Risk of Longevity

Is “Longevity” a Risk You Need to be Thinking About? Perhaps a question we need to start with is… What are the risks of “longevity?" Check out this week's podcast for more information. Remember today is the first day of the rest of your life. How long will that be? Don’t let longevity be the demise of your family.

Saving for Retirement

In regards to your retirement planning, it's important to determine what you want your retirement to look like and set goals to achieve that reality. Here are some tips that could possibly help with your planning, so you can retire successfully and successfully stay retired.

My Farm & Ranch: Transitioning and Retirement Planning

If you haven’t thought about your own legacy, please do. In order to help you get off on the right foot, here are some things you need to consider. We call it the “Who, What, When, How, Sam and Plan Approach.”

Retirement - What Do You Do Now?

For many of us we only get the chance to retire one time. This means we definitely don’t want to mess it up. In today’s economy, this can be downright scary and sometimes feel impossible. See if any of this sounds familiar: You decided you would like to retire and move to Colorado. You feared the current turmoil in the economy and the market; however, you knew you must keep up with inflation. So you placed your money...

3 Questions About Your Retirement Income

Recently, I spent two days at a conference focused on income during retirement. I want to tell you a story I heard that you will probably think sounds familiar, but the tone I will set today may shed new light on it.
 One of the speakers talked about his grandfather, who worked for the same company for 30 years, did everything by the book, and followed his...