Rethinking the Plan?

35% of millionaires say it will take a miracle to retire securely
According to a recently released survey by investment firm Natixis, 35% of millionaires are concerned about retirement.  An interesting note is that respondents completed the survey between March and April of 2021, and many things look worse today.  
The million dollar question – How much do I need to retire?
Be mindful of risk
The survey addresses risk, stating:  “Risk can often be perceived as a negative – like the losses investors may be seeing in 2022 – but there is a flip side to risk: reward. Retirees generally need to be more conservative about the level of risk in their portfolios. But financial professionals say there can be too much of a good thing. The next big mistake they see in retirement plans is retirees who are too conservative in their investments. For many retirees, the preservation of assets is a top goal, but with inflation looming, it’s important to ensure that investment returns can outpace the cost of living, so a measured approach to risk is needed.”
Retirees will spend $315,000 for health care during retirement
According to the Fidelity Retiree Health Care Cost Estimates, an average retired couple age 65 in 2022 may need approximately $315,000 saved (after tax) to cover health care expenses in retirement. From what I read, that does not include long-term care exposure. 
How to plan for rising health care costs
Rethinking the plan – Add a safety net
If clients are going to be more aggressive to make their money last longer, they might be more comfortable doing it if they had a safety net. If they are concerned about health care costs, the need for care only adds to that anxiety. Adding a safety net can enhance a positive outcome. 
A unique long-term care solution is available for couples. The death benefit guarantees something for their heirs, however if the surviving spouse or both spouses simultaneously need care you can accelerate the entire death benefit for care. Whatever is not used for care, is left to their heirs. Launch the below links to see this unique solution for a 65-year-old couple:
Single Pay Design
10-Pay Design

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