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Senior Retirement Planning Assistance

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Retirement Planning and help for Seniors


  • Cashflow Planning (Budgeting)
  • Insurance (Life, health, home, auto, final expense)
  • Retirement & Investments
  • Tax Strategies
  • Life Goals (Travel, Experiences)
  • Legacy & Gifting
  • Estate

Cashflow Planning

Many seniors have to account for multiple sources of income, like social security, pensions, annuities, and investments, which can make cashflow planning complicated. Utilizing software to help track income and expenses can be helpful in this situation. The information gained from these applications will assist you in forecasting the future.

Some of the best budgeting applications are:

  • Intuit Mint
  • Quicken
  • You Need a Budget(YNAB)
  • Personal Capital
  • PocketGuard
  • Goodbudget

Additionally, the old-fashioned envelope system advocated by Dave Ramsay is a marvelous low-tech option. Be sure to consider income and expenses that don’t occur on a regular basis.

If you would like to hear from a retirement planning specialist, please give us a call or fill out the form at the top of the page.


This is a big one. By the time we are seniors we likely don’t need as much help understanding home and auto policies, so let’s focus on the rest.

Medicare, and all the variants associate with it are covered on the Medicare page of this site. If you are overwhelmed with the options just take a breath and be glad that you have many choices to fit your situation. Included in this category is disability, long term care, along with hospital, doctor visits and prescriptions. A licensed Medicare representative can help guide you through the maze! Planning for funeral and burial expenses can fall into one of two categories.

One is a “final expense” policy which is a lump sum, typically $10,000 to $100,000, which can be used to cover these expenses along with debts that may remain like medical bills or car loans. The other is a “Pre-Need” plan usually

made with a funeral home that will cover funeral and burial expenses. This can be a good option as it locks in pricing for these items. If you have everything else covered but still have a monthly mortgage payment it can be a good idea to price a term or whole-life policy to pay off this balance. While it may be impossible to purchase or afford a large life insurance policy to cover all expenses for a surviving spouse, obtaining a smaller policy equal to your home loan balance can be reasonably priced.

Retirement & Investments

Income for seniors can flow from a variety of sources.  Among those are social security, pensions, current jobs, annuities or various other investments.  A quality financial planner can help you understand and maximize your returns.

It isn’t unusual for a retiree to have multiple 401K, 403B or SEP IRA investments scattered around from years of employment.  Each has its own instructions which were set by the employee years earlier on where to invest the funds.  These can be consolidated and invested in options that better meet your current needs.

Annuities can be a terrific source for predictable returns with a safe investment.  They can be described as having your cake and eating to, since you don’t have to worry about how they will perform and if they will lose value.

One type of investment often overlooked is the value of your home.  You might consider unlocking that value to help with current expenses (reverse mortgage) or to place in better investments (annuities or mutual funds).

Tax Strategies

A CPA can offer ideas to maximize income by reducing taxes.  For example, a reverse mortgage is cash you can spend that isn’t taxable.  Also, you may find that certain types of employment like being a 1099 contractor instead of a W2 employee may have different tax implications.

Life Goals

A big part of the reason we work so hard for so many years is so we can enjoy the many experiences this world has to offer.  It is important we don’t get so caught up in insurance and healthcare that we fail to pursue our dreams!  Write it down, put a dollar amount next to it and (if needed) have a financial planner strategize on finding the funds to make it happen.


Legacy and Giving

Sometimes we get so caught up with our current circumstances we forget about life’s bigger issues.  Do you want to support a cause or ministry beyond your living years?  How about a fund to help your grandchildren go to college?  You may consider setting aside funds if you have them or purchasing an insurance policy payable to a non-profit or trust.  An insurance agent and/or estate attorney can help with this planning.


When we pass on our heirs will be left to deal with our estate.  This may include dividing assets, selling real estate or other property and dealing with probate, taxes and bills.  Taking time with an estate planning specialist will minimize the stress our loves ones will encounter.  We are happy to recommend estate planners in your area.