Broker Check

2 Old New Milford Road
Suite 3F
Brookfield, CT 06804


Life Goals: Financial Essentials For Your 70s

Here are several financial steps you may want to consider taking right now:

1. Review your Will and Living Will.

Changes in your family or other circumstances make it important to regularly review your plans for your property and your medical care.

2. Review estate plan.

Work with an advisor to develop or review a plan for your property and assets, including your Will, trusts, liquidity of assets and gifting.

3. Re-evaluate budget and cash flow.

Creating a budget is crucial to fulfilling your plans for retirement. Be sure to plan on a reserve for emergency situations when evaluating your needs.

4. Make sure long term care needs are met.

Plan and discuss your desires and needs for possible long-term healthcare with your family.

5. Supplement Medicare.

Medicare may not be enough to provide the level of care you need; work with an agent to determine an affordable level of coverage.

6. Review business agreements and transfer plans.

If you have a business, you need to plan for a fair and predictable transfer of your business should you die or wish to move on.