Health and Wealth: Retiring on Your Own Terms
- November 21, 2024
As you approach retirement, your goal is to achieve financial health and well-being throughout the coming years. Working continuously with your team on decisions about when to stop working, when to collect Social Security, and how much income you will need throughout retirement will help you envision what your retirement will look like, on your terms.
Your team can assist with:
Social Security Benefits
What are the benefits available to you? Have you recently been divorced or widowed? Reviewing the options available to you will help maximize the payments you will receive and/or uncover that you may need additional income sources to maintain your current lifestyle in retirement.
Evaluating Healthcare Options
Healthcare costs can be one of the largest expenses you will face in retirement, and working with your team to evaluate your options from private insurance to Medicare and Medigap will help prepare you for whatever the future may hold.
Supplemental Income
Should you need additional income in retirement, annuities can provide a guaranteed stream of income to supplement Social Security benefits, help cover health care costs and/or a long-term care event.
Gathering Important Documents
Locating all of your documents and organizing them in one location can be essential when settling your estate. It will make the emotional journey a little easier for those you love. Creating a list of sentimental items and designating them will avoid any unforeseen conflict among family members and friends, it will ensure your assets are distributed as you had intended.
Sources & Disclosure
The information contained herein is general in nature, has been obtained from various sources believed to be reliable and is subject to changes in the Internal Revenue Code, as well as other areas of law. This material is for informational purposes only and should not be construed as a solicitation of any particular insurance product or insurance carrier. Insurance is sold through Oppenheimer Life Agency, Ltd. (OLA), an indirect wholly owned subsidiary of Oppenheimer Holdings. Before purchasing a policy of insurance, please review both the insurance carrier and the insurance policy carefully before investing. A strategic alliance exists between OLA and various outside providers whereby products and services may be utilized. Such providers may receive compensation as a result of the strategic alliance. However, the firms are completely independent of each other. This material is not a recommendation as defined in Regulation Best Interest adopted by the Securities and Exchange Commission. It is provided to you after you have received Form CRS, Regulation Best Interest disclosure and other materials. Oppenheimer & Co. Inc. Transacts Business on all Principal Exchanges and Member SIPC. 3851236.1