Category Archives: Retirement Planning

Do You Really Expect to Live Off an Inheritance?

According to the global study from HSBC, The Future of Retirement, many working-age people in the U.S. and worldwide are hoping to live off an inheritance after leaving the workforce. The question is, how long can you live on the amount you may receive? What if you end up receiving very little or nothing and have limited or no savings of your own?

How Much Do You Need to Retire? The Number May Shock You

Most people do not have this amount set aside to live on in retirement let alone pay for unreimbursed medical expenses. If you are already age 55+ and have not started your planning, it may be difficult to achieve these goals, but if you are younger with more time for your planning and investments to work, these goals should be readily achievable.

The Reality of the “New” Retirement

What the survey points out is that pre- and post-retirees continue to need professional advice to make appropriate decisions. Prior to age 65, this means understanding the needs for disability insurance, life insurance and long-term care insurance. After 65, most disability insurance is no longer available, but the need for life insurance to replace lost income continues, as does the need to plan for health care for debilitating illnesses, illnesses which may require care in the home or in a facility.

Start planning your LIFE today Close