Long-term Healthcare Needs

Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services.

You are going to need a lot of money for healthcare costs as you age. Are you ready?

Imagine working your entire life with a plan to retire hen you hit 65, only to declare bankruptcy due to medical costs, then losing all of your assets.

This isn’t some unlikely nightmare scenario; the rate of senior citizens declaring bankruptcy has more than doubled since 1999, and the leading cause is high healthcare costs. Despite the existence of Medicare insurance for seniors, it doesn’t cover all costs and healthcare can be extremely expensive, especially as you age.

Planning for healthcare related costs are a neccessity. Peak Trust Financial Group is there to help.

Healthcare concept

If you are turning 65 and retiring or in retirement: We can help with your Medicare dcisions and other options

In case you have not done so already, max out all your eligable tax-deferred retirement savings plans (IRAs, 401ks, etc).

Check on the standard annual maximum contributions based on yoour age. If you are over 50 you can supercharge your account by adding $6,000 more. This also applies to your IRAs. The standard maximum is an extra $1,000 a year for this financial instrument as well.

Start here first, then make sure you check back every fall; the annual contribution limits are set by the government and adjusted for inflation each year.

Once you have stuffed your tax-deferred accounts to their annual limits, consider adding a Health Savings Account (HSA), life insurance and long-term care insurance to your investing lineup.

Need help with making your decision? We can help.


Building your income strategy

We want you to be informed and up to speed, so that you can make informed decisions that will be to the benefit of you and your family. YOU should be in charge of your money. After we provide our confidential Goal Setting sessions, we’ll be able provide you with reports, guides, and videos on content that will help you to grow and make smart financial choices. Our materials are free for you to utilize, whether you decide to partner with us or not.

Hypothetical case study videos that can be found on our website

    • Strategies and recommendations
    • No shortage of video resources
    • Help and feedback on your impressions of all videos at your disposal
    • A discussion to establish your goals and priorities
    • Financial analysis reports

We want to help you discover the obstacles in the way of your retirement preparation as well as the potential income gaps you may have in the future. We’re here to help you utilize all sources so as to get the most from your social security benefits and possibly get more out of your retirement income sources.

 

We can meet anywhere, any place that’s convenient for you— your home or office, our office, or even at your local coffee shop. Or, we’ll do it by phone or web conference if you prefer. Our highly trained representatives across the country are here for you, and will work with you in whatever setting you like.

During our discussion, we will review your retirement goals and help you determine the answer to these very important questions:

    • What should your money be doing for you?
    • Do you want potential income or do you want permanent income?

To answer these questions, to understand your situation, we will take all the time you need to address your concerns, and to reveal issues and solutions you may not have considered, and which could affect the success of your retirement finances.

One of our Peak Trust Financial professionals will review your finances in order to suggest options. We may make suggestions within the first meeting, but we will never rush you into making any decisions. Our goal is to make sure you have a complete understanding of your options as well as to build a meaningful and trust filled relationship with you.

Regardless of your plans, we look for annuity contracts that will get you the most income for the lowest premium. We will weigh the cost versus benefits, then determine which course of action is the most economically sound for your situation. As a result of the proprietary nature of our strategies we may get you an increase of up to 30% more cash flow into your pocket than had you gone without partnering with us. We are through, to the point where we may review over 300 product combinations spanning over 100 companies to find the best possible mix for you. With your go ahead, we can begin negotiating with insurance companies that we feel will achieve your desired goals.

We know how important decisions about your retirement finances can be to your future, and that you want to be sure before you act. Your Peak Trust Financial representative will only act once they’ve explained the totality of their determinations and explained how the various annuity contracts differ – as well as the pros and cons of each. Afterwards, we will help you determine how each of your choices line up and help you to achieve your long-term goals. We will give you all of the information you need, and you may take as much time as you like to review all of your options and then make your decision.

It goes without saying that all the work we do at Peak Trust Financial is solely for and about you. We aren’t here to tell you what you should do with your money. You ask the questions, and we make suggestions. If you decide to follow one of the paths we have identified, we’ll help put the plan in motion. This part can take several weeks. We’ll stay in touch with you throughout the process, and you can call us any time.

Once all the components of your financial plan are implemented, we will arrange time with you to finalize the strategy, deliver any contracts that need signing, and direct you towards your final steps. We want you to keep us onboard as your financial advisors for the foreseeable future, maybe for the rest of your life. That’s why we focus on building the relationship early on. So, if life throws unexpected circumstances at you, as life so often does, we want to be there for you, ready to help you face down life’s difficulties.

Peak Trust Process