Three Important Questions for Retirement Planning; Part One

You’ve seen “retirement calculators” time and time again on different websites leading you to believe that if you were to save a certain amount of money you would be able to retire comfortably. Unfortunately that’s not always the case. Planning your retirement is only as good as your answers to three questions:

• How long might you live? 
• How well (or not-so well) will your investments work out? 
• How much money will you require to live comfortably until you die?

Your life expectancy; Elder Law Attorney Cohen & Oalican

Retirement planning would be a lot easier if you knew how long you were going to live for. That’s obviously never the case. Fortunately, there is an insurance called an immediate annuity which allows you to never run out of assets, however long you live. Of course, just like anything that sounds too good to be true, there are setbacks, so talking to an elder law attorney would be a smart idea.

Your asset protection plan; Boston, Raynham, Andover Massachusetts

To stay on track with your asset protection plan you must always monitor your investments and adjust to market changes. You may have to save more and/or work longer than you originally thought when you first started thinking about your retirement plan. Attorneys Cohen & Oalican specialize in helping you protect your home and protect your spouse.

To be continued…