Congratulations! You’ve worked hard all your life, and your savings are finally starting to show it. Now, ever so subtly, your priorities are beginning to shift from making money to making sure you’re not going to lose your money.
Here are a few things to think about. And the best part? Most of these ideas you can check out in about the time it takes to read them.
1. Secure a comfortable retirement with a pro
Obviously, you’re no fool when it comes to making money. If you were, you wouldn’t be reading this.
But there comes a time in life when it makes sense to get a second opinion. Sure, you’ve been successful at growing and managing your savings. But the more you have, the more attention your savings require and the greater the ramifications of screwing up.
A Vanguard study found that, on average, a hypothetical $500,000 investment over 25 years would grow to $1.7 million if you manage it yourself, but more than $3.4 million if you work with a professional.
Obviously, there are no guarantees a professional will do better than you. But getting a second opinion from a pro certainly can’t hurt. Even if you don’t need help picking investments, they can help you create a plan, maximize your Social Security, protect your assets and offer you peace of mind by ensuring you’re on the right track.
They can also be there in case one day you’re not.
These days, there are no-cost online services that make it easier than ever to find vetted financial advisers in your area. For example, SmartAsset. You fill out a short questionnaire and are instantly matched with up to three local fiduciary financial advisers, all legally bound to work in your best interests.
The process only takes a few minutes, and in many cases you’ll be offered a free consultation.
Nothing to lose, lots to potentially gain: Take a minute and check it out right now.
Please carefully review the methodologies employed in the Vanguard white paper, “Putting a Value on your Value: Quantifying Vanguard Advisor’s Alpha.”
2. Safeguard your assets with gold
If a large part of your savings is in the stock market — as it should be — you’re well aware that what goes up can also go down; sometimes by a lot.
You can’t control the stock market or the world economy. But you can hedge against uncertainty by having other forms of wealth.
The oldest and most ubiquitous hedge is gold. It’s been used for thousands of years to protect against everything from inflation to currency devaluation to political risk.
Don’t go overboard; most pros advise putting only about 10% of your portfolio into the King Midas metal.
And keep in mind that not everyone in the gold business is on the up-and-up. Be careful whom you deal with.
Goldco is one company to consider. They offer just about everything, from precious metal IRAs to direct purchases of precious metal coins and bars.
Goldco has been around for more than a decade and has been recommended by celebrities like Fox News talk show host Sean Hannity, actor Chuck Norris and even former presidential candidate Ron Paul.
They have an A+ BBB Rating, AAA Rating from Business Consumers Alliance and 4.8 to 5 stars on Trustpilot, Trustlink, Google Reviews and Consumer Affairs. You’ll even receive up to $10,000 in free silver on qualified purchases.
Maybe gold is right for you; maybe it isn’t. But if you’ve ever wondered, why not take a quick look? Click here right now and get your free information kit.
3. Plan now for medical costs Medicare won’t cover
Here’s hoping that your retirement years are active, healthy and vibrant and that you’re able to function as you always have, right up to the time you shuffle off this mortal coil.
But don’t bet on it. According to the U.S. Department of Health and Human Services, 7 in 10 people who turn 65 today will probably need some kind of long-term care.
Think you can’t get long-term care (LTC) insurance after age 40? Think again. GoldenCare writes LTC coverage for most people. (Unless they live in the four states where GoldenCare doesn’t operate: Alaska, Florida, Hawaii and Washington.)
“But won’t Medicare take care of all that?” Nope. Medicare doesn’t cover long-term custodial care — and paying for it out of pocket could take a huge chunk of your retirement savings. That plus inflation could mean near or total depletion of your nest egg.
Without LTC insurance, your options aren’t great: running through savings, borrowing money, burdening your family with your care, and possibly losing independence because you can’t live on your own.
It’s impossible to say whether your current health will stay good. That’s why investigating long-term care insurance is so important: It protects you and your family.
Plan now for a secure tomorrow. Get your fast, free quote today.
4. Don’t let home repairs drain your savings
Maintaining your lifestyle requires maintaining your house and your car. These are complex things that can (and will!) break. And when they do, finding a reputable repair company on short notice is both tough and expensive.
You already insure your home and car for things like fire and theft. Doesn’t it make sense to insure them against expensive repairs?
When it comes to your home, check out American Home Shield. This company is Consumer Advocate’s No. 1 choice for home warranties. Depending on the plan, they can cover almost everything that can go wrong: heating and cooling systems, electrical systems, plumbing systems, kitchen appliances, laundry appliances and more.
They protect your stuff no matter the age, and have a network of more than 17,000 contractors. If they can’t repair the covered item, they’ll replace it.
If nothing else, take a few seconds and at least see what it costs by clicking here.
5. Protect yourself and your loved ones
There’s nothing you wouldn’t do for your family, right? No matter what.
Most people know that life insurance is a good idea but few of us like to think about it. If the worst happens, your family might be unable to manage without your income. That’s why life insurance exists.
It’s money they can depend on, even if you aren’t around. That financial support can be crucial, helping to cover the costs of funerals, childcare, college, debts and other expenses. Whatever it is you think your family might need.
Fortunately, with a website called Haven Life, you can get easy and affordable life insurance online in just a few minutes. Take it from us — that peace of mind is priceless.
Haven Life offers term life insurance up to $3 million in coverage, issued by MassMutual, one of the country’s oldest and most reputable insurance companies.
Simply answer some questions about your health, see if you’re instantly approved and activate your policy.
Protect your loved ones today. Get your free quote in minutes.
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