Remember that feeling of love and care you had for your first car? You meticulously washed it, pampered it, and gave it the attention it deserved. After all, you knew that neglecting regular oil changes and maintenance would drastically shorten its lifespan.
But let’s pause for a moment and ask ourselves an important question: If we invest so much time and effort into caring for our cars, why don’t we do the same for ourselves? We often neglect our health, ignore financial advice, and fail to plan for our future.
Did you know the average life expectancy for a man reaching age 65 is now 84, and for a woman, it’s 86?1
For many of you, we’ve been collaborating for years to ensure you’re ready for the road ahead. For others, perhaps you put on the breaks and let any proactive measures take a back seat.
We are living longer, and with longevity comes a whole new set of considerations to plan for. Let’s take a look:
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Your Portfolio and Longevity: Just like a well-maintained engine, your financial portfolio should be built to withstand your lifetime. Your investment strategy should align with your aspirations, long-term goals, and account for ongoing changes like inflation. |
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Potential Long-Term Care Needs: As we age, the possibility of needing long-term care increases. Together, we can proactively plan for this scenario, to preserve your hard-earned assets. |
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Rising Healthcare Costs: Healthcare expenses are on the rise, and it’s crucial to have a plan in place to manage these costs effectively. We can help navigate the complexities of healthcare planning, seeking to ensure you have the resources needed to live a fulfilling life. |
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Diminishing Mental Capacity: Cognitive decline is a reality many face as they grow older. We can assist you in developing a comprehensive plan to address this potential challenge, providing confidence for you and your loved ones. |
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Bill Payments: As life becomes more complex, managing day-to-day financial tasks can become overwhelming. We can help streamline your bill payments and financial responsibilities, so you can focus on enjoying the moments that matter most. |
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Coordinate Required Minimum Distributions (RMDs): If you have multiple advisors, managing RMDs can be a complex process. We aim to create a seamless coordination of your RMDs to avoid unnecessary penalties and seek to maximize your retirement income. |
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Life After Loss: Coping with the loss of a loved one is emotionally challenging. We’re here to offer compassionate support and guidance during this difficult time, helping you navigate the financial aspects and seeking to provide stability for your future. |
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Bring in Your Family: Let’s get together with your family members aiming to ensure the preservation and smooth transfer of your wealth, values, and legacy. We can create a comprehensive strategy that aims to engage your loved ones, fostering unity and a shared understanding of your financial goals and wishes. |
We understand the power of longevity planning. We’re here to help you take control of your future and embark on a roadmap to a life of purpose. If any of these considerations sparked your interest, simply click reply to this email so we can discuss further.
