Other Areas

Obtain your credit report annually to make sure it is correct. Report any errors and follow-up with required documentation.

Remember to sign up for Medicare when you turn 65. You can sign up 3 months before your birthday month and 3 months after. If you miss this window, your premiums will be higher permanently!

We are at our intellectual best in our 40’s and 50’s. As we age, our ability to analyze complex financial matters weakens. Be sure you have someone you can rely on to steer you on the right course, whether that be a trusted adult child, an accountant or a financial advisor.

Be sure to have your Will, as well as other important documents in place and up-to-date, such as the Medical Directive and Power of Attorney.

Divorce and Remarriage can have significant impact on your financial goals. There may be tax implications to your divorce settlement as well that need to be considered. Consider a pre-nuptial agreement to protect the financial interests of both parties before tying the knot again. Also, review your insurance policies, retirement plans and investments to ensure the beneficiaries named are current. You may not want your ex-spouse receiving your 401(K) plan distribution upon your death!

The death of your spouse is a stressful time. Death certificates will be required for life insurance payouts, transfers of ownership of pensions, investments accounts and many other items, so request a several copies. Your financial advisor can help you with many of these paperwork requests. We recommend you not make any significant financial changes during at least the first six months after the death of your spouse.