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Here’s a fun fact you may have seen as we celebrated the 50th Anniversary of the Apollo 11 moon landing: An iPhone has approximately 100,000 times the processing power of the Apollo Guidance Computer (AGC). It also has around 7 MILLION times more memory! Heck, even the first graphing calculators your kids used in the late 1990s were more powerful than the AGC!
On today’s show, we’re giving our listeners an important overview of long-term care: who needs it, for how long, what Medicare does and doesn’t cover, and how to make sure your financial plan keeps you safe and comfortable throughout the later stages of your retirement.
At Keen Wealth, we encourage our married clients to participate equally in the financial planning process. One spouse might be the primary breadwinner and the other might keep up the home and raise the kids. Or both spouses may have careers but one still handles all of the financial planning.
A generation or two ago, most folks retired just because they turned 65. Today’s retirement is a bit more complicated than that. Age is still an important factor, but your ability to connect your financial resources to your lifestyle goals is just as important. And that brings us to one of my favorite planning tools – Checklists!
But once I’m confident my plane is airworthy, I give myself a final once-over as well. Like many pilots I know, I take a moment to myself and check to make sure I’M SAFE. And I think this personal preflight checklist might give retirees a few things to think about too as they prepare to journey into an exciting new phase of their lives.
Many new retirees are surprised to find that Medicare is not a simple, free, one-size-fits-all health care solution. There are crucial decisions that both you and your spouse will have to make to secure the coverage that makes the most sense during your golden years.