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“To Do’s” for 50-64 Year Olds

Is it quiet around the house? Are you an empty nester? Your kids are grown and you’ve probably discovered that come of your resources used for education and the needs of children have freed up, or soon will be. You also may realize that your retirement in not too far off. Consider the following “to do’s” when you are going through these life events:

Investments

• Arrange estate planning
• Adjust portfolio mix and risk levels for approaching retirement
• Increase investments with increase in salary
• Minimize tax burden
• Consider gifting programs to heirs
• Invest in grandchildren’s college funding
• Evaluate long-term care insurance for parents or self
• Analyze life insurance coverage

Insurance

• Increase homeowner’s insurance for addition to home or new home purchase
• Reevaluate and combine insurance coverage for best rates
• Purchase umbrella liability policy to protect your increased income or receipt of inheritance
• Purchase insurance to cover RVs, boats, etc.

Legal

• Create or make changes to will or estate plans
• Update trust agreement
• Acquire representation for real estate purchase or sale contracts
• Seek representation for general litigation, personal injury
• Hire legal help with your business
• Acquire legal assistance with inheritance

Real Estate

• Sell home and downsize to smaller home
• Consider purchase of investment property
• Purchase a vacation home or second home
• Sell home by owner
• Consider reverse mortgages

When it comes time to plan and act on life’s events, call the experts at the Financial Mall for priceless advice and expert service.

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