Assuming you might require long-term care in the future, it is important get coverage as soon as possible to avoid the expensive pricing that comes with increased age. While you are younger, you will be seen as less of risk and, therefore, will be able to obtain coverage more easily that can be held on to until needed. This also ensures that you are eligible to qualify for long-term care insurance coverage because you have no immediate heath concerns that are present. Waiting until you are older may lead to changes in your medical records that deem you uninsurable.
Anchor Financial Group is committed to providing holistic estate planning services that are designed to provide not only value but peace of mind. While no one wants to imagine what might happen in old age, it is important to account for any potential issues so they aren't passed on to your loved ones. Obtaining long-term care insurance while you are young and healthy ensures you are ready for whatever the future brings.
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If you are ready to focus on your financial planning, the Tulsa financial planning experts at Anchor Financial Group are ready to assist you. As a Veteran-owned brokerage firm, we always look out for the best interest of our clients. Please call us at (918) 591-2880 to get started or Contact Us and a friendly member of our staff will reach out to you promptly. We look forward to assisting you in achieving your financial goals in Tulsa.
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How Roth IRAs Could Lower Your IRA Distribution TaxesOne thing you can consider to save on federal income taxes during your retirement is to convert your qualified tax money into a Roth account. By doing this, you could shield any appreciation on these assets from federal income taxes. Additionally, distributions from these assets will come … Continue reading “How Roth IRAs Could Lower Your IRA Distribution Taxes”
Helping Preserve Your Retirement Assets by Taking Smaller DistributionsYou own two pots of money: The money that has already been taxed (let’s call it “regular money”) and the money that had not been taxed (let’s call this “retirement money” such as IRA, 401(k), 403(b), etc.) When you spend $1 of retirement money, assuming your marginal … Continue reading “Helping Preserve Your Retirement Assets by Taking Smaller Distributions”
An Alternative to Tax-Free BondsWhile tax-free bonds can be a popular source of tax-free income, some retirees are not aware that they can receive a potentially higher source of cash flow from insurance companies.This source of money is from an immediate annuity. In exchange for the premium payment, the insurance company pays the annuity owner … Continue reading “An Alternative to Tax-Free Bonds”