When you’ve worked hard all of your life, you definitely want to enjoy the rest and relaxation that comes with retirement. Part of that requires a little upfront retirement planning. If you’re worried that you haven’t done enough to prepare, don’t worry, as it’s never too late to start retirement planning to get your finances in order. Weaver Insurance & Financial Advisors of Waynesboro, VA, will work with you to come up with the right investment strategies to meet your needs.
One important area to consider when you’re planning for your retirement is insurance. Your health and, consequently, your insurance needs may change drastically as you age. Weaver Insurance & Financial Advisors will help you strategize about the type of coverage and benefits you will need to see you comfortably through your retirement years.
Another important insurance area to consider is your life insurance coverage. If your children are grown and your house is paid off, you may find that you simply don’t need as much coverage as you used to. Taking this into consideration, you could save on the premiums by changing or eliminating your policy. If you have a whole-life insurance policy, you may want to discuss its implications in your overall estate planning.
If you haven’t looked at the statements for your retirement savings funds in some time, you should sit down with a financial advisor to review your current 401(k) or IRA investments and plan for the future. As you get closer to retirement, you’ll want to move your money out of risky investments to protect the principal, and you may need to consider various tax scenarios to get the most out of your investments. Talented financial planners will help you sort through all of the red tape so you can enjoy your retirement without worry.
When you’re ready to start retirement planning, call Weaver Insurance & Financial Advisors in Waynesboro at (540) 943-1221.Filed Under: Financial Services