If you’re like an increasing number of Americans, worries about retirement are probably keeping you up at night. And it’s no surprise, now that we’re living longer, that the money required to retire comfortably is increasing. Are you ready or are you too scared to retire? Here are a few tips to help get you ready.
#1 Reason People retire early is probably not what you think
Most people associate early retirement with higher earnings. And while that is true for many, there are a rising number of people that are retiring early due to health reasons. We all know we should eat healthy and exercise, more so if you’ve been putting off getting back into the gym. Now is as good of time as any to get started on getting fit.
Get Good Health Insurance
Before disaster strikes, make sure you’ve got a good health insurance plan in place so you aren’t left with a mountain of debt before you even get a chance to enjoy your golden years. If you’re very healthy right now, you might want to look into getting a health insurance plan that qualifies for a HSA (Health Savings Account). These types of plans offer low premiums and allow you to put money – TAX FREE – into a savings account that is used solely for health related costs. Not only will that money earn interest, but any money you contribute will also lower your taxable income thus saving you even more money.
Protect Your Loved Ones
No one likes thinking about what happens if they die unexpectedly, but the reality is that it happens sometimes. Make sure your loved ones are taken care of by making sure you have proper life insurance policies in place. Getting one now while you are (relatively) young and healthy is much easier than after you’ve had a major health concern come up. If you live in Sacramento (or anywhere in California), you can fill out our online life insurance quote and we can help you get the best policy for your situation.
If you own a small business, you might want to consider getting a life insurance policy for you and any other key members of your business. Make sure your business doesn’t go under in case you or the other important members die unexpectedly.
Protect Your Business Interests
The last thing anyone wants happening when they are just a few years away from retirement is having a major lawsuit or catastrophe happen that wipes out all of your income. Not sure if you’ve got the right policies to protect your business interests? No worries, we can help you make sure your business is protected (if you live in Sacramento or anywhere in California). The easiest way to make sure your business has proper insurance and bonds in place is to fill out our Business Insurance Online Quote Request form.