Financial education is possibly one of the most important types of education. As we age, it may feel that remaining financially literate doesn’t play a role in our lives. However, to build wealth, retire comfortably, and give unlike any other, keeping tabs on our financial situation is more critical than ever.
Planning for Long-Term Healthcare
‘Healthcare as a senior citizen is a major expense we all have to face at some point. Studies show that retired couples could need upwards of $300,000 for healthcare alone in 2021. Plus, for individuals 65 years or older, there is a 70% chance of the need for long-term care.
Maximizing Social Security Benefits
Surprisingly, most senior citizens don’t understand how Social Security benefits work in America. If this sounds like you, why risk leaving money on the table that you didn’t realize you were entitled to receive? By understanding Social Security, you can maximize received benefits and increase that retirement fund as you age.
Smart Purchases that Fight Inflation
By learning to take responsibility for your spending, especially on a decreased retirement income, you can make your money work for you. Take every purchase into consideration to fight the reality of inflation. Since individuals on a fixed income are substantially impacted by inflation, having a firm understanding of where your money goes is the most valuable resource you have within your wheelhouse.
Contact Information:
Email: [email protected]
Phone: 9143022300
Bio:
My name is Kevin Wirth and I have worked in the financial services industry for many years and I specialize in life insurance and retirement planning for individuals and small business owners, with a specialty in working with Federal Employees. I am also AHIP certified to work with individuals on their Medicare planning. You can contact me by e-mail or phone. I look forward to the opportunity of working with you on these most relevant areas of financial [email protected] 914-302-2300
