Financial Independence Planning

Retirement Planning

The 2014 Retirement Confidence Survey found that only 18% of workers are very confident they will have enough money in retirement, and 65% of workers plan to work for pay after they retire.¹ Further, 64% of workers and their spouses reported they have saved for retirement – a decline from 75% reported in 2009.¹ And the percentage of workers currently saving for retirement has declined from 65% in 2009 to 57% in 2014¹ .

To help guide you toward retirement income security, we offer:

• Education funding strategies
• Insurance portfolio reviews
• Needs assessment
• Retirement income modeling
• Benefits analysis
• Distribution options

Contingency Planning

The probability that you or your spouse will require home health care or nursing home assistance, or suffer a disabling injury or illness is greater than you might think. 

Consider these facts:

• 70% of people turning age 65 can expect to use some form of long-term care during their lives.²
• 50% of people who enter a care situation are penniless within one year.³
• 18.6 million Americans suffered medically consulted injuries – 4.8 million on the job and 13.8 off the job.⁴
• A medically consulted injury occurs every 3 seconds in public places (excluding motor vehicle injuries, which occur every 7 seconds).⁴ 

If you have assets to preserve, then long-term care insurance and disability income insurance should be considered, because protecting against these potentially catastrophic costs is an essential part of astute financial planning.

1  Employee Benefit Research Institute and Matthew Greenwald Associates, Inc. “2014 Retirement Confidence Survey.”

2 Medicare and You 2015, www.Medicare.gov, 2015.

3 Some Thought-Provoking Long-Term Care Statistics, www.prepsmart.com, cited as of 7/28/2015.

4 National Safety Council, “Injury Facts,” 2015 edition.