Keen On Retirement

There’s a good reason why many fiduciary advisors have replaced the outdated phrase “retirement planning” with terms like “life-centered planning” when describing what we do.

When we ask our clients to describe their ideal retirement, two of the most common responses are “healthy” and “stable.” In our experience, most successful retirees find ways to align these two goals … and throw in a little fun as well. In fact, it seems that there may be a psychological connection between how we plan for our money and how we plan for our health.

On today’s show, we tackle four of the most common Medicare questions we’re fielding from clients at Keen Wealth right now. Hopefully this conversation will help you sort out the important notices about your health care coverage from the junk mail that belongs in your shred pile.

At Keen Wealth, we stress planning for retirement as far in advance as possible so that our clients will be ahead of the game. We encourage clients to create a retirement blueprint with measurable milestones and specific achievable goals. And we help them implement personalized strategies for disciplined wealth-building over time.

Even if one spouse is the primary breadwinner and the other more of a homemaker, couples have to plan for retirement together. Your retirement planning process and your retirement period itself will be much more successful if you put the time in now to think about both parties’ needs. And if a sudden health issue should make it hard for one of you to handle the family’s finances, both people need to understand how the bills get paid and how your investments are working. These five special considerations for retiring couples are big topics at our annual checkups with married clients.

Whether you’re 30 or 60 years old, involving a financial advisor in your retirement planning is a smart move. But not all financial advisors are created equal. Some advisors are more interested in making money or meeting employer metrics. It’s important you know how to steer clear of these folks and find an advisor who truly has your best interests in mind.