May 1, 2023
Over the years, I’ve noticed a shift in people’s perspectives, especially when it comes to long-term care. Early in the financial planning process, I often ask clients about the importance of leaving an inheritance. Initially, many find it “somewhat important.” However, as they progress into retirement, some start to prioritize leaving something for their heirs even more.
One significant concern that can impact this desire is the cost of long-term care. It’s expensive, and addressing it later in retirement can be challenging or even impossible. This planning should be done when you’re younger and healthier.
Your priorities might change over time, just as mine did about flying. Reflect on what you truly want for your future and your family’s future. Regularly review your plans and ensure they align with your evolving needs and desires.
P.S. On a lighter note, if you think inflation is high here, you should see the prices in Aruba! A Miller Light for $11.00, a Vodka and Diet for $21.00, and a can of Diet Coke for $5.00. It’s always good to be back home!
Retirement doesn’t mean you have to stop working entirely. In fact, many retirees find joy and purpose in starting a side hustle during their golden years. If you’re considering this path, here’s a checklist to help you get started:
Until next month, Wayne
Rhubarb is a versatile ingredient, not just for desserts but also for savory dishes. With grilling season upon us, try this Rhubarb-Wine BBQ Sauce: