The Complete Cardinal Guide
TO PLANNING FOR AND LIVING IN
RETIREMENT
WE HELP YOU EMBRACE THE 7 WORRIES IN RETIREMENT
Do I have to start my Social Security if I start my Medicare?
Medicare and Social Security are linked. Many beneficiaries do not find this out until they go to sign up for Medicare. It is important to plan how you want to approach your Medicare and Social Security sign up dates - once you make a decision, you really can’t take...
When do I need a financial planner along with a CPA in retirement?
In retirement, keeping your income steady requires planning since you are not receiving a regular paycheck anymore. While you are receiving a Social Security check, you are also going to start living off the savings that you’ve accumulated during your working years....
The 5 Institutions Life Insurance Beneficiaries are Protected From
For many retirees that we help, one of the biggest concerns that comes up during estate planning is that the right people are going to get the right amount of money. Life insurance solves this. Life insurance is a way to create an estate with the stroke of a pen. It...
What is a MYGA (Multi-Year Guaranteed Annuity) and how does it provide a higher interest rate?
In retirement, you have to start living off the money you have saved for decades. Many times, this leads to people in or near retirement having extra money just sitting in savings, making very little in interest. While you don’t want to put this money anywhere risky,...
How to use your IRA money more effectively in retirement
Many people in their 50’s, 60’s, and 70’s, have a huge hunk of money sitting in their IRA or 401(k). Unless you are over age 72, you are not yet required to take distributions from these accounts and, if you are like most of our clients, you do not have a plan for...
Using Life Insurance to pay for Long Term Care Insurance
No one wants to pay for something and possibly never use it. Hybrid long term care insurance gives consumers a way to insure themselves against long term care costs as well as leave their family a benefit if they don’t end up needing care. Simply put, a hybrid policy...
What are the pros and cons of Medicare Advantage (Part C) plans?
Every single person who goes onto Medicare is going to sign up for Original Medicare. Original Medicare, Parts A and B, is going to leave you with an uncapped 20% gap. You need insurance to cover this 20%. You have 2 options. The first is a Medicare Supplement. The...
Social Security Benefits for Divorcees
When it comes to Social Security benefits, it can be confusing figuring out exactly what you qualify for. Especially if you have been divorced, or know someone who has, it is important to be aware of what ex-spouses have claim to in regards to Social Security...
3 Tax Benefits of Roth IRAs in Retirement
In retirement, taxes change a lot. A source of many of these changes comes from the fact that most retirees are now drawing from their IRAs for income. Roth IRAs are going to give retirees a triple crown of tax benefits with a proper plan in place for how to use this...
How do I make sure my spouse will have enough money after I pass?
You likely have someone dependent on your income to live. While this is usually a spouse, it can also be an adult child, grandchild, or anyone else who relies on you for support. When you die, they are going to need something to replace your income, even if you are...
