Four Parts of Retirement – Phase FOUR: “CARE”
Okay, if you’ve been following along in my articles, you’ve read about the first phases that lead to retirement. Protection and accumulation of savings are the first time, followed by deaccumulation of those funds while making them last.
The final phase is care. At some point, at some age (hopefully a very advanced age), you will need to slow down. You will no longer be able to care for yourself. At that point, you will need to have assets available to provide much needed care, either at home or in a care facility.
As you probably know, the cost of care continues to rise. I cannot quote you a number here (I could give you specific details in a face-to-face meeting), but the nationwide average grows by leaps and bounds. How do you plan to cover these costs? Government programs might not be available, or might require you to spend down your assets leaving your family with little. The best way to handle the cost of care in the future is to plan ahead today. The Knights of Columbus offers long-term care insurance that can cover at home or facility care costs. And our product is backed by the financial strength of the Order. It has many benefits and our premiums are competitive with any other company.
The Knights of Columbus – the organization you trust – is in a position to help you with every phase. Life insurance, disability insurance, guaranteed retirement plans that turn into guaranteed income streams when you retire, and long term care. There is no reason to go elsewhere as you prepare for the four phases!
Contact me today to schedule a meeting.