THURSDAY, APRIL 13, 2017
Retirement Challenge 1 - Health
Your good health is the most precious part of retirement. Without good health you cant enjoy an action packed retirement, You cant enjoy being outside, travelling or even being active.Your health determines where you live, what you eat and who you live with.
Bad health costs you more to live when you have to pay for long term care which generally ranges from $4800 per month to $8500 per month in the top private long term care facilities.
You may be forced to liquidate your savings or investments earlier than you had planned. Creating some unexpected large income tax bills.
You may be forced to liquidate part of your pension plan which attracts the highest tax rate treating your withdrawal as regular income.
You may be forced to sell your home then move in with your children. Which you might not like giving up your independence.
When your over 80 your bad health may make you even more miserable and turn you into a fully blown curmudgeon or grumpy old person.
Or maybe you can just sail through this challenge like all the others.
Agile Financial Services can help you plan for this retirement challenge, call us today at 800-748-5306.