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Choosing your Florida dream home is easier than ever. Now, all of
GlenLakes’ amenities are yours to enjoy — and every resident is a member.
Whether you live for golf — or tennis is your love, it’s all here and included.
A refreshing resort-style pool, fine dining, a state-of-the-art fitness center,
pickle ball — and a social calendar filled with events, clubs, trips and more.
Life couldn’t be better than here, on Florida’s scenic Nature Coast.
With everything included, the choice is up to you.
WE MAKE FLORIDA LIVING EASY
The Rest is Up to You
Championship Golf
Surrounded by 85,000 acres
of state-protected preserve
3 New
Models 2018
Finance
Shows today were still working and still had many years to retirement in
2008; but now that they are closer to retirement, it is important that they
evaluate their current situation.
People today are living longer, and this forces us to evaluate longevity
risks. According to the Wall Street Journal, there is a 50 percent chance
that a Baby Boomer today will live to age 90. If you don’t plan accordingly,
your income could run out before you do. Most people think if they draw
4 percent out per year, they will have enough income to last. Some have
recently argued that number should be about 2. 5 to three percent per year.
;n the first three years of retirement, the average retiree tends to spend
approximately 20 percent more and this overdraw can also contribute to
insufficient sums for the later years if not planned for correctly.
;on’t forget in;ation. ;t above a three percent in;ation rate, the value
of a dollar in 20 years is about half of what it is worth today. A 2018
Bankrate survey concluded that some Americans are still risk averse and
have left a large amount of money sitting in cash. If the bank gives you a
yield at a rate under in;ation, you are actually earning a negative return
during that time. ;e aware of how in;ation affects your bottom line and
focus on in;ation ad;usted income in retirement.
According to Fidelity, a 65-year-old couple retiring this year will need
an average of $275,000 to cover out-of-pocket medical expenses. And that
doesn’t include the costs associated with long-term nursing home care.
Often times, retirees might have a last will and testament, but not a
comprehensive estate plan. Adequate protections should be evaluated for health
,as well as leaving a legacy. ;he ;; Census indicates that one in five ;mericans
may become disabled for a period of time. Do you have a plan in the event a
disability occurs years before retirement due to an accident or poor health? Do
you have a plan to deal with the rising cost of long-term care (LTC) insurance?
According to the US Department of Health and Human Services, around 70
percent of adults over the age of 65 will need long-term care insurance at some
point in their lives, and it is usually at the tail end of a financial plan when assets
tend to be at their lowest point after 20 to 30 years of withdrawals. Consider
ways to mitigate those long-term care costs. Traditional long-term care can be a
good option for some as they can lock in a specific benefit and have the ability
to grow it to offset in;ation. ;he downside is that if you don’t use the benefit,
you typically lose it, and as you get older, the premiums are not fi;ed and can
5. Lacking protection for you, your family, and your estate
People today are living longer, and this forces us to evaluate “longevity risks.”
