Sunday, 23 July 2017
Login |  Register 
 
Find Products or Services in your local community
Call us to get YOUR text ad here
 
MSC News National Headlines U.S Health Tech Talk World Business Sports Top Headlines
Retirement Planning Requires Education Assistance
05/01/2017
 

Changes in employee benefits, health care, longer life spans, and uncertainty with Social Security and Medicare are challenges for today’s older Kansans. Those in their 40s,  50s and 60s should look to develop financial preparedness for their retirement years.

Preparing yourself and your family through implementing financial and insurance priorities as you approach retirement may yield substantial benefits as you become older. 

Consider the following points as part of your retirement plans.

  • Develop a plan and save — Developing a plan and starting to save early are the first steps toward a financially secure future. Waiting until later requires much more aggressive saving and may even require working longer.  In general, experts recommend saving 10 to 20 percent of your income each year, depending on your age and the number of years until retirement.
  • Learn the basics of financial planning — Retirement planning and preparedness are at critically inadequate levels, with studies showing the majority of Americans lacking any kind of retirement savings strategy. Learning the basics of investment and insurance needs are important.
  • Consider seeking out a financial professional — Many Kansans who are unsure about where to begin may benefit from developing a retirement income plan with the help of a trusted, qualified adviser. A knowledgeable adviser will help you define life goals, identify risks you may face, and establish the right financial picture for you.
  • Study your insurance policies and options — Kansans nearing retirement age should review their insurance options with a local, trusted agent.  Life insurance, annuities, Medicare supplement insurance, health insurance, and long-term care insurance are all possible topics of discussion. Be sure you know the details of any policies that you have now or are considering.

The Kansas Insurance Department has publications available for download or ordering that address retirement-age considerations, including “Life Insurance and Annuity Basics,” “Medicare Supplement Insurance Shopper’s Guide,” and “Health Insurance in Kansas.” Go to www.ksinsurance.org under “Finding a Publication” to print or order copies. You can also contact our Consumer Assistance Hotline at 1-800-432-2484 to speak to a representative about your insurance needs, or you can “chat” with a representative through our online service at our website.

The Kansas Securities Commission also has a booklet entitled “Maximize Your Retirement Investments,” which is a step-by-step guide to better investing for the long term.  You can order a copy at www.ksc.ks.gov.

Every day nearly 10,000 Baby Boomers enter their retirement years, according to the Insured Retirement Institute. Whatever your financial goals are for your retirement years, periodic consultation with an insurance agent and financial adviser could be important. 

You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Atchison Airshow Airplane Crashes; Two Killed
Two Killed, Three Injured, in Brown Co Wreck
Historic 'Mushroom' Shelter To Be Demolished
Sex Charge Against Former Kickapoo Officer Dismissed
Car Wrecked and Burned; Driver Not Found
Six State Enforcement Includes the Local Area
Services Saturday For Local Plane Crash Victim
Missouri Man Sought by Brown Co Authorities
Funeral Set For Home Invasion Victim
Teen Dies In Rulo Area Wreck
Click Here For All Stories

LATEST STORIES
Mayetta Boy Dies Following Explosion
Man Sentenced After Crash Kills 2 Relatives
Woman Sentenced in Mother's Beating Death
Injury Wreck Sends Effingham Woman To Hospital
Services Set for Pilot Killed in Atchison Co Crash
A Step Closer For Taco Bell In Atchison
Proposed Seneca City Budget Contains Mill Levy Decrease
Doniphan Co Fair Begins Monday
Six State Enforcement Includes the Local Area
New Hiawatha Community Hospital CEO Hired
Click Here For All Stories

©2017 MSC News
Hiawatha, Ks 66434
EEO Public Report


Powered by Radio Media Group