Retirement Planning Educational Series
Medicare Explained – Folks 65 and older have a variety of health care choices including employer/retiree plans, original Medicare, Medicare Supplements, Medicare Drug Plans (with the dough-nut hole), and four types of Medicare Advantage plans (PPO, PFFS, SNP and HMO). Which option is the most cost effective for your situation, and how will Congressional “reforms” affect you in the future? This educational event explains what each plan covers, who is eligible, when you can change plans, and what you have to pay in premiums, co-pays and deductibles.
Maximizing Social Security – What Baby Boomers need to know to maximize Social Security income: 5 factors to consider when deciding when to apply for benefits; 2 innovative strategies for coordinating benefits with your spouse; how divorcees and widows can increase their benefits; and how to minimize taxes on Social Security income. The decisions you make today can have a tremendous bearing on the total amount of benefits you receive over your lifetime.
Managing Qualified Money (401k, 403b and IRA)– Traditional IRA, 401k and 403b accounts grow tax deferred until you turn 70-1/2. That’s when we have to start taking RMD. IRS rules governing how much you and your heirs must withdraw are confusing. This event explains how much you, your spouse and your heirs must withdraw to avoid the 50% penalty. It also covers the pros and cons of 401k/403b roll-overs, Roth conversions and tax efficient strategies for inherited IRAs.
Legacy Planning– As we get older, most of us will rely on someone else to help make financial and medical decisions. After we die we want our stuff to be divided according to our wishes. Legal documents and beneficiary designations protect our wishes from incapacity, death and probate. This event is a layman’s (non-lawyer) explanation of Beneficiary Designations, Wills, Trusts, Powers of Attorney, Guardianship and Probate. It also reviews the 10 types of personal information we should document now, so that care-givers won’t have to guess later.
Paying for Long Term Care (LTC) – If you need LTC, how will you pay for it? This workshop explains ways to preserve assets and pay for care with VA Benefits, Medicaid and Private Insurance. If you or your spouse served in the military, you may be eligible for a tax free pension from the VA to help pay for care. Medicaid helps pay for nursing home care, and with proper planning, you can preserve some or all of your savings. LTC insurance is a third option for folks with good health and assets to protect, particularly since Texas became a “Partnership” state, doubling the value of a LTC policy.
Help for Working Caregivers – Are you working and coordinating care for an aging relative? If so, you’re part of 21% of American families that face this challenge every day. The demands of coordinating care can take a heavy toll physically, emotionally, and financially, as well as impact your productivity at work. This workshop helps current and future caregivers proactively plan ahead for the challenges of helping aging relatives. Learn 5 simple steps you can do today to reduce your stress level and make the process easier.