What’s the biggest expense you’ll face in retirement? Is it housing? Travel? Food and dining out? Insurance? All of those could be major expenses, and it’s important for you to include them in your budget so you can plan accordingly. However, as you’re planning your retirement spending, don’t forget about another major, potential expense - long-term care.
Long-term care is treatment or support for people who can’t perform basic activities of daily living on their own. These activities include things like getting dressed, bathing, eating and even using the restroom. Long-term care is often provided in a nursing or assisted-living facility, but can also be provided in the home.
Local financial firm two-day charity golf tournament to benefit the Wounded Warrior Project
ARNOLDS PARK, Iowa (May 23, 2016) – As an extension to his commitment to service and placing the needs, goals and desires of others first, Carstens Financial Group is proud to announce the return of the second-annual Carstens Financial Group Charity Pro-Am.
This year’s Pro-Am, benefiting the Wounded Warrior Project (WWP), will be held August 8 and 9, 2016, at Emerald Hills Golf Club in Arnolds Park. The Pro-Am will feature professional golfers from The Dakota Tour, a 19-event professional golf tour played in the Midwest states of Minnesota, Iowa, Nebraska, Wyoming and North and South Dakota. Players will be paired with up to 80 amateurs during the Pro-Am.
You’ve spent much of your adult life building an estate and a legacy of which you should be proud. Now you may be thinking of how you can best transfer that estate to your loved ones after you pass away. Whether you’re transferring your estate to your children, grandchildren, other family members or even a favorite charity, you probably want them to receive as much of the assets as possible.
Unfortunately, there are a number of items and expenses that can erode your estate during the transfer process. One of the biggest is probate, which is the legal process for settling an estate. During probate, all debts are paid, heirs are identified, assets may be liquidated and assets are eventually disbursed.
If you’re currently planning for your upcoming retirement, you’re probably aware of some of the financial challenges you may face. Many retirees are concerned about whether they’ll have enough income to live comfortably in retirement and whether that income will last their entire life.
Investment volatility is another common concern. If the market takes a steep downturn, your savings could see a big drop in value. If you’re reliant on your savings and investments for income, you could find yourself in a difficult situation.
Carstens Financial Group focuses on providing comprehensive asset management, estate planning and life insurance solutions. Allow us to help you secure your financial future.