Planning for Senior Life is here to help you consider the many elements that will influence your quality of life. We have defined five major categories that make up the basis for successful planning: Finances, Health, Home, Legal and Lifestyle. Each category is broken down into areas of expertise where you will find committed and passionate PSL advisors who specialize in each of these different fields.
It’s a common, if not, the main question that people ask themselves when they have fully transitioned into the life of retirement; how will I pay for my future life? This is where Planning for Senior Life comes in as we offer assistance with financial planning services during retirement which include investment strategies, estate planning, and selection of appropriate insurance vehicles.
Once you have surpassed the transitioning stage of retirement, you are fully immersed in what it has to offer. Now you’re solely relying on what you’ve saved for income and that means making sure it will last you a lifetime. Our network of local professionals can serve you well during this time such as assisting you in managing your investments, income, cash flow, and your life and health insurance options.
Investing: PSL’s network of financial advisors will be there each step of the way to help guide you towards making wise investments and helping to ensure that it is something your current income can sustain. This also means investing your assets sensibly to maximize your return on investments.
Income: It can be a scary notion to think about how you don’t have any further money coming through the pipeline other than the amount you’ve saved for retirement. At Planning for Senior Life, our goal is to help manage your income properly so it doesn’t become an issue during your retirement. We will help manage your income through proper planning such as making a list of your monthly expenses, take stock of the amount you’ve saved for retirement, and the amount of years you plan to stay in retirement.
Cash Flow Management: As with managing your income, we help you to properly manage your cash flow so you can spend your funds according to plan. PSL will connect you with experienced financial advisors that can help propose plans to allocate the right amount of money for the essentials to live as well as other expenditures.
Life & Health Insurance: As you progress into retirement, you need to budget your funds properly towards necessary life and health insurances. Reasons you will want to consider maintaining life insurance during retirement are due to its various benefits such as:
Once you retire, you want to consider the health services that you want to keep around. These services include medical and non-medical in home-care, diet and exercise, Medicaid and Medicare.
In-Home Care: We can direct you to professionals who provide care for those who may need it during their retirement which includes medical and non-medical in-home care services. This care is given by our registered nurses and licensed therapists. Our mission at Planning for Senior Life is to ensure that seniors receive the best quality of in-home care. Our certified professionals provide superior in-home medical and non-medical care out of the comfort of the client’s living environment.
Diet & Exercise: As you are living in the life of retirement, it’s important to keep in mind how you will maintain your health with diet and exercise. We can provide professionals that will advise you on the proper nutrition you should be getting as well as exercises you are comfortable with performing. This is important as maintaining a healthy lifestyle can have benefits on preserving your savings instead of it going towards health-related and medical expenses.
Medicaid & Medicare: Medicaid is a federal program and offered to those on a low-income and seniors who are on social security. It is a program you must qualify for and serves those who are 65 and older. We can help facilitate signing you up if you happen to qualify for this program as well as breakdown its eligibility.
Medicaid covers those with low-income, financially struggling, and seniors who are over 65 as well as on Medicare. Medicaid also provides in-patient and outpatient health care coverage and can pay for Medicare deductibles.
In order to know if you may qualify for either or for both of these programs, the professionals at Planning for Senior Life will help you apply for the program that is best suited for you and your future.
As you consider this question venturing into retirement, you will want to explore which living option is most conducive to your retirement plan. Some things to consider should be:
These will all be questions our network of professionals can help you go over as you are thinking about your future and progressing into retirement.
When you consider these options, you’ll want to keep in mind if there will be any need for caregiving with partial or full services included.
Throughout your lifetime, you’ve collected and cultivated value in your assets, yourself, and your family. You want to know and do what you can to protect these precious things. We will help you explore all the options you have to secure your assets such as estate planning, wills, probate, and advocacy.
Estate Planning: This is required in order to properly distribute one’s assets when the person is deceased. Estate planning may involve wills, trusts, durable powers of attorney, life insurance, investments, retirement plans, joint tenancy property ownership, and other estate planning devices depending upon the complexity of your estate. Making your own decisions and plans now will assure that your wishes are carried out in the future.
Wills & Probate: In order to ensure that your family is secured and that a member is entitled as a specific beneficiary, wills need to be created. Probate is the legal proceeding that transfers your estate following your death according to the terms of your will or in the absence of a will, to your heirs based on probate law.
Our mission at Planning for Senior Life is helping you understand the laws your state enforces in regards to obtaining security for your assets. Rest easy knowing what you have is secured and protected during your retirement and beyond.
Your lifestyle during retirement is completely dependent on what you make of it. These actions include creating legacy, organization, technology, transportation, and local government and non-government support services.
Imagine capturing your life stories on video to that can be enjoyed now and passed down for generations to come. PSL can provide you access to a professional video production team who will create family heirlooms in video at affordable prices with digitally mastered records of life stories with personal accounts, photos and mementos of family history.
Making these kinds of decisions will have repercussions and an impact on your retirement quality of life for the future.
We can refer you to people who provide concierge services to help you with the many chores and errands required in daily life.
We can refer you to professionals who can help you organize your living spaces, declutter your life and help you get all your papers and records in order and put in safe places.