Are There Universal Retirement Truths?

Although everyone is unique and has their own journey, today we talk through a list of five “universal truths” when it comes to retirement. David weighs in regarding how true each of these things may be for everyone. From needing an income plan in retirement to under-standing the statistical likelihood of one day needing long-term care, are you prepared? Planning ahead can be of great importance, especially on behalf of your beneficiaries, saving everyone from a lot of heartache and confusion down the line.

Regardless of your age, all of these are things to think through, whether they impact you a little or a lot. Everybody needs to do something. It doesn’t have to be complicated or expensive, but you need to have several key building blocks in place.

 

Here’s what we talk about on today’s show:

• Everybody needs an income plan. 
• Everybody needs a plan to address long-term care issues. 
• Nobody knows how long they are going to live. 
• Tax implications matter. 
• Estate planning isn’t just for the wealthy. 

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.