It’s Never Too Early To Plan For Your Retirement
A secure, comfortable retirement is every person’s dream. Since we’re living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did. Achieving the dream of a secure, comfortable retirement is much easier when you plan your finances accordingly.
Social Security Retirement Planner Can Help You Now
A good place to start thinking about planning for your retirement is with the Social Security Planner. Here you can find tools and guides to help you think through this phase of your life. It also points out things you may want to consider as you prepare for the future.
If you are...
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Use the Retirement Estimator and the other benefit calculators to test different retirement ages or future earnings amounts
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Learn about Social Security programs
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Find out what happens if you work after you retire or if you are already a Medicare Beneficiary
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Learn how certain types of earnings and pensions can affect your benefits.
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Get information about how members of your family may qualify for benefits
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Find instructions on how to apply for benefits and what supporting documents you may need to furnish
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Find out how to apply for just Medicare.
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You may need to sign up for Medicare close to your 65th birthday, even if you will not be retired by that time.
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Some health insurance plans change automatically at age 65.
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If you are getting Social Security benefits when you turn 65, your Medicare Hospital Benefits will start automatically.
Often individuals think about their retirement and look forward to being able to enjoy more time to do the things they have been meaning to do, to slow down and spend more time with their family. It is common for them to have passing thoughts of maybe retiring prior to the age of 65. But unfortunately, they quickly push the idea out of their minds because of their need for continued health coverage outside of work. Many of their thoughts, lead to not even talking about with a spouse or family member let alone to even inquire. The common thoughts and/or misconceptions people have as it pertains to individual health insurance options outside of their employment are the following:
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It can’t be affordable on a retirement income
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I wouldn’t have as good of benefits
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It doesn’t cover my preexisting conditions
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The health insurance companies aren’t familiar and surely aren’t as good as my group health coverage would be that I have had for years.
Failing to not contact a professional who assists individuals with individual insurance options, is one of the biggest mistakes to make before making a decision on whether or not you can afford to retire early. Contact us or schedule an appointment to review your options.
