In Your 60s

This stage of life often produces various emotions and transitions. You may be filled with joy from your grandchildren, you may be afforded more time doing what you love, but at the same time, you may also be trying to understand how and where you will spend your time, the impact you will make, and how to handle the stresses of going from being a producer/saver to a consumer of the wealth you have been able to put away and grow. Your financial questions have taken a shift from saving and growing to securing and optimizing the distributions you live on.

The steps you take in your 60s and older will have a profound impact on your family and beyond. Here are some questions you should consider:

  • I am getting closer to “retiring”. Will I have enough money to live out my desired lifestyle or am I at risk of outliving my money? How can I minimize the stress of going into retirement and living off what I have saved?
  • How should I manage my retirement funds separately from the generational wealth I’ve accumulated?
  • What is the best option on when to start drawing Social Security? What should I consider before making that decision?
  • What accounts should I use first to fund my retirement?
  • How do I avoid Medicare penalties and what impact does filing for Medicare have on my Health Savings Account and private insurance?
  • Can I minimize my Required Minimum Distributions?
  • How would an early death of my spouse affect the pension I receive and my retirement plans?
  • Do I need a Trust or is a Will enough?
  • What should I be doing to get my estate in order?
  • What can I do to prepare our family for the inheritance they will receive?
  • How can I make a difference and maximize the legacy I want to leave?

Need guidance? Don’t’ Worry – you’re not alone.
Truth is, many people are unsure how to secure their financial future. We are here to answer your questions or schedule a conversation to help identify the best steps for you to reach the future you envision.