2017 2nd Qtr issue – InFRE’s free newsletter
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The quarterly newsletter from the International Foundation for Retirement Education’s to help retirement professionals keep abreast of what’s happening in the field of retirement readiness, counseling, planning and income management.
In this retirement-specific newsletter, planners will learn:
- “Elder Law Basics” by Amber B. Woodland, Esq., Partner at ProcinoWells & Woodland, LLC. Learn: the legal framework related to Elder Law and long term care government benefits; understand how to add asset protection planning to a foundational estate plan; learn about long term care Medicaid income and asset eligibility rules.
- “Boost Retirement Security with HSAs” by Roy Ranthum, MPH, “Mr. HSA” and Aaron Benway, CFP ®, MBA. Learn: about HSAs, including a comparison with other tax-deferred savings programs; understand how HSAs can be invested; discover strategies to maximize client savings via HSAs.
- “Where Senior Living and Retirement Planning Intersect, Opportunities Emerge” by Brad Breeding, CFP®, President and Co-Founder of MyLifeSite. Learn: why staying in the home may not always be the most practical choice, even if it is perceived to be less costly; the various alternatives to staying in the home- in plain terms- and the pros and cons of each; what questions to ask in order to prompt meaningful discussion and planning; retirement planning needs related to the various senior housing choices.
The articles below comprise the 2017 2nd Qtr Issue of Retirement Insight and Trends. Click on the links below to read each article online separately, or click here to view and print the issue in its entirety.
Welcome to InFRE’s July, 2017 Issue of Retirement Insight and Trends
on July 31, 2017
Retirement InSight and Trends is the quarterly newsletter for the International Foundation for Retirement Education’s Certified Retirement Counselors® (CRC®s) to help retirement professionals with the practical application of new retirement readiness, counseling, planning and income management concepts for the mid-market. Find out more about the CRC® and […] Continue Reading →
July, 2017 InFRE Update: Guidelines for Use of the CRC® Mark
on July 31, 2017
Learn more about the CRC® and recent updates from InFRE’s Managing Director, Kevin S. Seibert, CFP®, CEBS, CRC® […] Continue Reading →
Elder Law Basics
on July 31, 2017
By Amber Woodland, Esq, Partner at Procino-Wells & Woodland, LLC
The cost of nursing home care can quickly reduce a client’s net worth, so as professionals who serve seniors, it’s vital for us all to understand what asset preservation strategies may be available. The target client is really a middle-class community member. It is not someone who is so wealthy that they can afford to pay for extended long-term care, and it’s not someone, either, at the other end of that spectrum who doesn’t have any assets to their name and who could otherwise qualify. It’s really for that middle class who have worked hard, who have saved some, but $9,500 a month would wipe them out and wipe them out quickly. […] Continue Reading →
Boost Retirement Security with HSAs
on July 31, 2017
By Roy Ramthun, MPH and Aaron Benway, CFP®, MBA
The Employee Benefits Research Institute found that for a 50/50 chance of having saved enough money to cover out-of-pocket expenses in retirement, a 65-year-old man will need over $72,000 set aside by age 65 and a woman will need $93,000. To raise the likelihood to a 90 percent chance that they will have sufficient funds to cover the out-of-pocket healthcare expenses in retirement, the numbers increase to $127,000 for men and $143,000 for women. The Employee Benefit Research Institute also suggests that Medicare will cover only about 65 percent of retirement healthcare expenses, though its ability to do so is at risk as Medicare’s trustees tell us we’re ten years away from insolvency for some portions of the program. […] Continue Reading →
Where Senior Living and Retirement Planning Intersect, Opportunities Emerge
on July 31, 2017
By Brad Breeding, CFP®, President and Co-Founder of MyLifeSite
It is helpful when you’re working with clients to break retirement down into different stages. The early phase of retirement is kind of a moving target. So many people now are working beyond the traditional age 65 retirement date. But nonetheless, it is in that early period of retirement when people make budget adjustments, lifestyle adjustments, etc.
It’s also very helpful to think about the mid and late phases of retirement. The mid phase is such a critical point. All these years they’ve been planning to be able to retire, and hopefully, they’ve achieved that objective with your help. But now it’s time to really start looking at a different kind of planning, and that’s planning for the later phases of life. […]
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Earn 1 free Continuing Education (CE) credit for the July, 2017 Issue of InFRE’s Retirement InSight and Trends
on July 31, 2017
This issue of the July, 2017 issue of Retirement InSight and Trends is no longer eligible for CE credit.