Making Your Money Last
Smart Moves for Life’s Big Events: Easing Into Retirement
By Laura Cohn
Before you ditch the daily grind for good, do a complete benefits checkup.
Sure, go ahead and pick a date for your retirement party. But get a handle on how you intend to manage your benefits and cash flow once you stop working.
Buy long-term-care insurance. If you’re still working, see whether your employer offers it. You may be able to get a good deal — particularly now that some firms are offering policies with reduced premiums. Just make sure you understand the limits of your policy (see Long-Term Care You Can Afford). For outside help, speak to a local agent who works with a range of insurers. The American Association for Long-Term Care Insurance can give you a list of agents in your area.
To Learn more about Long Term Care Insurance, visit www.californialongtermcare.com.