but not a comprehensive estate plan. Adequate protections should be evaluated for
health as well as leaving a legacy. The US
Census indicates that one in five Americans may become disabled for a period of
time. Do you have a plan in the event a
disability occurs, such as considering disability insurance? Do you have a plan to
deal with rising health care costs, such as
long term care insurance? By the way, according to the US Department of Health
and Human Services, around 70% of
adults over the age of 65 will need long
term care insurance at some point in their
lives. Memory care units can be the most
expensive care there is. Protect yourself
and your family.
As far as a strategy for estate planning
is concerned, all pre-tax retirement plans
and traditional IRAs require a minimum
annual distribution after obtaining the age
of 70 and a half. Most take that distribution and simply put it into a savings account. Other options can be to take the
cash and invest post-tax, contribute to
long-term care protection or to leave a
legacy. What type of legacy would you like
to leave? You could gift money to your
children/grandchildren, set up an endowment for charity or protect the assets in
a trust. There are countless options and
strategies to create the legacy you choose.
Post-retirement living is very different
so, take the time to explore your options
well in advance of your retirement age.
We encourage you to sit down with an
unbiased independent financial adviser to
help you compose a written personalized
or holistic financial strategy with the goals
of protecting your retirement investments
and securing your financial future. I-L
Securities and Investment Advisory Services offered
through ING Financial Partners Inc, Member SIPC.
Tundidor & Weiss Investment Group is not a subsidiary of nor controlled by ING Financial Partners.
Neither ING Financial Partners nor its representatives offer tax or legal advice. Please consult with your
tax and legal advisors regarding your individual situation.
For more information, go to
Tundidor & Weiss Investment Group
Daniel Weiss, CRPC® • Lawrence S. Tundidor, AAMS, AWMA®
(215) 399-9364 (215) 399-9389
Securities and investment advisory services offered through
ING Financial Partners, Member SIPC.
Tundidor and Weiss is not a subsidiary of nor controlled by
ING Financial Partners.
What does your future home look like?
We can help you work toward securing your retirement
Visit us at the fall
Ideal-Living Resort &
Retirement Expo or
call us directly for an
unbiased evaluation of your