…The day will come when you go from âcaretakerâ to âreceiverâ, and there will be a lot of planning to ensure everything is tended to according to your specifications.
Before that time comes however, you can start taking steps now
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…It is important for you to take an active role in your retirement planning. Life changes and events happen that require you to update your tax and estate plans. Use the information below to see how your planning might be
…Whether by choice or by necessity, there is always the possibility that you will live alone (who knows, maybe you already do!). But if this is the case, there are a few extra steps to make sure you are not
Retirement8000 Days in Retirement: Rediscovering Who You Are
November 17, 2022by Bailey Wealth Services
You go through many transitions during retirement, from phasing out of work to rediscovering your interests and hobbies. However, the biggest shift is yet to come.
The loss of a spouse is one of the deepest a person can feel, …
The fourth and final phase of retirement, known as the Solo Journey Phase, is the most certain, yet also the most unpredictable, of the phases.
How?
Itâs the time when you know that change is coming, you just donât know …
…Many adults have aging parents who are in need of living and health care assistance. There are a number of resources today that can help them grow old gracefully, either in their existing home or in a facility, along with
HealthRetirement8000 Days in Retirement: Going from Caregiver to Self-Care
October 27, 2022by Bailey Wealth Services
The further you get into retirement, the more difficult it may become to continue providing care to someone else.
Strenuous tasks such as bathing and dressing others could become even harder to accomplish.
You may not be as strong …
Itâs a common misconception that retirement brings lazy days in a hammock, but we know differently.
Often you are caring for someone else and expected to visit family more. Many retirees do contract work with previous employers or even just …
…What is an RMD (required minimum distribution)? An RMD is the minimum amount that must be withdrawn from a retirement account each year. The SECURE Act replaces annual RMDs with a 10-year payout period for most nonspouse beneficiaries who inherit
HealthRetirement8000 Days in Retirement: Navigating Longevity Phase
October 13, 2022by Bailey Wealth Services
Up until now, you have most likely spent retirement enjoying your newfound freedomsđand making yourself awaređof the changes to come.
In the next phase, you will be looking at how to navigate greater risks đ§to your longevity âthings like…