This is the time of year when many of our clients retire. They have banked sick and vacation days, and can now leave work while getting paid through the end of the year. Along with planning for these final paychecks my clients look at a few important retirement planning items. Here are 3 for you to consider:
What will you do with your house?
Do you want to stay where you are or downsize? Do you want to move to another state? If you stay, can you manage the upkeep and expenses? These are important lifestyle questions to ask when considering where to live in retirement.

Long Term Care
No one likes to think about this issue. LTC can average $6000/mo. or more depending on the level or care and where it is provided. If you are wealthy you can self fund, if you are poor you can use Medicaid, if you are in the middle, you have to plan. Take the time to look at what LTC planning options are available.

When should you take Social Security?
This has become one of the biggest questions my clients have. If you can wait until age 70, you will receive an extra 8%/year for every year over your full retirement age. If you are retiring prior to your full retirement age, you should have a comprehensive Social Security Analysis completed for your.

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