Puritan Financial Group: Maximizing Your Nest Egg with Investments

It’s all about living within your means and using the money you have to maximum effect for today’s retirees, considering that the current economic conditions have caused a lot of uncertainty in terms of investment returns and interest rates, for example. The national economy is keeping many retirees on their toes, although there are ways for you to enjoy the rewards of your retirement planning. This is why it’s especially essential for seniors to invest and manage their money wisely so they won’t outlive their nest eggs.

Retiring, far from conventional wisdom, actually doesn’t free you from continuing planning for your retirement. Monitoring your finances to ensure that your money doesn’t get depleted before you pass on (and making sure that if your money does outlive you, you’ll have more than enough to get by) is the general idea – other factors you need to consider under it are how to invest your money and how to withdraw it best.

Investing your money, know that you’re no longer building but rather constantly withdrawing, is one task that needs to be accomplished. The other is how withdrawals should be made to make the most minimal impact on the entirety of your retirement funds.

Playing it really safe and eliminating risk in your investments is a no-no. You’ll need long-term growth to protect your retirement assets, otherwise, your nest egg’s purchasing power declines – this may eventually force you into downgrading your standard of living later on in your retirement. Your portfolio needs to contain the right mix of different investments from various markets to guard against everything dropping in value should market conditions become unfavorable, which you’ll most likely feel if you’ve invested all your money in certain stocks, for example. Depending on your risk threshold, you can consider a mix of investments that may include junk bonds and short-to-intermediate maturities, as well as life insurance products.

Planning for your retirement shouldn’t only be about how you can live on what you’ve made prior to retirement. You also need to invest while you’re retired to guard against running out of money to live on. Check with your financial advisor to identify the risks you can take and the investments that are best for you.

This review was brought to you by Puritan Financial Group. Puritan Financial Group is owned by Puritan Financial Companies, based in Dallas TX. Puritan Financial Group is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth.

Puritan Financial Group: Changes for a Great Financial Start

If you’re like many of today’s seniors, you may have found your current financial plans wanting, especially in light of the global and national economy in recent years. You might not have ample income, even after you’ve made good investments and used additional sources of money to fund your retirement. A radical move to help you increase your spending power may be the key to stretching your dollar to fit your budget. One unconventional option that can enable you to save more money is by reducing credit card use to minimize debt.

You can start by paying for most expenses with money orders or cash. When you withdraw from a credit account or bank account, you may have the tendency to spend more than you planned because you’re unaware of exactly how much money you have in the account. Handling and dealing in cash helps you avoid overspending, because you’ll know how much you have and notice if your money’s running low. You can take this method a step further by setting aside predetermined amounts of money for specific expenses, such as gas, groceries, other utilities, and so on. When you take out money from these bundles for particular expenses, you’ll be reminded of your limits by how much remains per bundle.

Credit cards are still a necessity, especially for urgent payments when you don’t have enough cash on hand. However, you should restrict your use of credit cards in everyday expenses, and use them responsibly if you absolutely have to pay with plastic. If you can set aside money to pay for your credit card balance every month, you won’t have to fore go credit card promos that can also save you money in the long run, such as rebates or cash-back deals.

You can adapt your financial plans to the changes in the current economic environment. Making unconventional moves, such as decreasing your use of credit cards, help increase the amount of cash in your wallet in these uncertain economic times.

This review was brought to you by Puritan Financial Group. For more information please visit Puritan Financial Group Website. At Puritan Financial Group... Life is good. We pride ourselves on providing the highest quality of service to our clients.

Medicare Supplement Insurance can be a Worthwhile Investment

Medicare is the default insurance options for today’s seniors. While Medicare covers many people that would otherwise have a difficult time getting coverage, it does not cover all needs. Anyone who has Medicare should read up on what it does and does not cover. In many cases, Medicare does not cover co pays or deductibles. Medicare Supplement Insurance can provide a means to cover the gaps in Medicare.

Medicare will cover stays at the hospital and general medical coverage. For instance, if you need a pacemaker or a wheelchair, it would be covered. A regular doctor visit is also covered. What is typically not covered is the co pay for every doctor visit. This can add up. In addition, deductibles, that can be rather high, and those deductibles will be paid by the Medicare patient.

With a Medical Supplement plan these individuals can fill these gaps and ease the cash flow impact on retirees. There are different types of plans available to pay for that deductible, co pays, and other out of pocket expenses.

Be sure to research all the plans offered and choose which one is best for you. If you are not sure, you can contact a health insurance agent or use the Internet to do your own research. Take the time to consider the different plans, and how much coverage you want given the cost of the premiums.

There is now more help for those with Medicare. Medicare Supplement Insurance can help in covering many of the costs that Medicare does not pay. Sometimes a deductible can leave the person who lives paycheck to paycheck in a bind. Now there is some help for them.

This review was brought to you by Puritan Financial Group. Puritan Financial Group is owned by Puritan Financial Companies, based in Dallas TX. Puritan Financial Group is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth.

The Benefits And Simple Ways To Spend Less On Senior Life Insurance

As we look forward to retiring and spending life in old age, it is important to consider useful ways to provide liquidity to our estates. This allows you to spend your retirement without having to worry about finances. A good plan you can use today to fund an estate plan is senior life insurance.

Life insurance policy is important in that it provides cash for unexpected costs. Even though it is not pleasant, think about medical expenses and even funeral costs. In the event you have no money sent aside, your immediate family members will be forced to take up such costs.

Simply put, it lifts a financial burden from your loved ones. The money can also take care of any outstanding debts. It is a valuable way of protecting your loved ones. In case of death or misfortune you are at least assured that their quality of life will not be disrupted or affected.
Many believe senior life insurance policies tend to be costly.

There are many factors that can affect insurance premiums and each carrier rates differently. It is important to do your research well and work with a credible insurer. Before issuing a life insurance policy, the insurance carrier usually reviews an applicant’s life to ascertain or find how much a risk a client is.

In this case, make sure that your health, medical, family health and history reports are in order. Talk to a trusted insurance agent as they have a good understanding of a few companies that provide such services.

This review was brought to you by Puritan Financial Group. Puritan Financial Group is owned by Puritan Financial Companies, based in Dallas TX. Puritan Financial Group is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth.

Retirement Income Planning to Mitigate Financial Risks

Three financial risks all of us face as we get older are poor health and the high medical bills that come with poor health, long term care expenses that may occur when we can no longer care for ourselves and our expenses exceeding our retirement income as a result of inflation.

You should contact a professional retirement financial planner to assist you in developing a strategy to mitigate these risks. There are several insurance and financial investment products on the market you can consider and which an experienced financial advisor can help you evaluate. One option is to contact Puritan Life for a retirement income review.

A Medigap insurance plan helps to protect you against the risk of a catastrophic health condition. There are many Medigap insurance plans all sold by private insurance companies. All have a similar basic benefit plan, but each has additional benefits that vary according to the plan. A financial advisor who is familiar with your unique health and financial situation will be able to recommend which plan best fits your particular situation.

There are also long term care insurance policies which fully cover or assist in covering long term care costs if and when you must seek a long term care alternative. There are many types of long term care insurance. Many find the costs of full coverage prohibitive. However, there are more affordable options that may meet your needs when the plans are considered together with the risk of you needing long term care. A professional financial advisor will help you to evaluate the risks you are willing to take and what types of insurance and investments will best protect you against the risks.

You may want to consider investing in a variable or inflation adjusted annuity that will provide you with a hedge against inflation and income on a regular basis. An inflation adjusted annuity’s monthly payout may be less initially than a fixed rate annuity but the payouts have the advantage of increasing over time with inflation.

Work with your financial advisor to explore all the types of annuities and optional riders. For example, you have an option of choosing an annuity to provide you with payouts for a specific period of years or for your lifetime. There are also annuities that can cover you and your spouse’s lifetime. Each option will have a different payout structure.

Your financial advisor can advise you as to which type of annuity is the best fit for your unique situation based on how much you can afford to invest in the annuity, how much you would like to receive from the annuity after you retire and the risks you are willing to take to possibly earn additional investment income .The most important step you need to take to begin or to review your retirement planning is to find a financial advisor you trust to help you to design a plan that works for you.

This review was brought to you by Puritan Financial Group. Puritan Financial Group is owned by Puritan Financial Companies, based in Dallas TX. Puritan Financial Group is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth.