Retirement:
• Establish amount of assets necessary to meet your lifetime income needs.
• Project retirement income needs in several situations (i.e. home care/assisted living, utilizing long-term care insurance benefits if applicable.

Estate:
• Review documents and analyze current estate plan.
• Verify beneficiaries on life insurance, annuities, retirement plans, & 401K
• Decide what you need and desire for financial independence. How much will you leave for a family legacy? How will you allocate your social legacy regarding gift and tax?Protection:
• Assess cash flow projections and alternate scenarios regarding disability, long-term care, and premature death.

Step Four ~ Meet with Your Team

Now that you’ve got everything in place, sit down with your team members and develop a plan of action that satisfies your goals, values, and objectives. The final product should enable you to maintain your dignity, lifestyle, and assets. In addition, the plan should be clear, concise, easy to manage, and tax efficient. It should also acknowledge the needs of whoever becomes the caregiver. The end result...everyone involved is able to sleep at night knowing all concerns have been addressed and that a team and a plan is in place to accommodate all those what ifs.

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