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“To Do’s” for 65 Years Old and Over

You've worked hard towards retirement and now it's drawing near or possibly even already here. You may even have grandkids now and have started to consider moving to a smaller home, or buying a winter home. 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 retirement
• Minimize tax burden
• Evaluate cash flow from investment portfolio
• Consider gifting programs to heirs
• Consider charitable gifts
• Evaluate life insurance coverage
• Invest in grandchildren’s college funding
• Purchase long term care insurance

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 retirement savings
• Purchase insurance to cover RVs, boats, etc.

Legal

• Make changes to will or estate plans
• Acquire legal assistance for estate planning
• Create a living will or designate a power of attorney
• Acquire representation for real estate purchase or sale contracts
• Seek representation for general litigation, personal injury

Real Estate

• Sell home and down size to a smaller home or condominium
• Consider buying or selling investment property
• Purchase a vacation 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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