November - 2018

Segelke Financial Group

Searching for Health Coverage in the Years Before Medicare

What are your options for insuring yourself prior to age 65? If you retire before age 65, you must be prepared to address two insurance issues.One, finding health coverage in the period before you can sign up for Medicare. Two, finding a way to pay for that coverage. You know it will probably be expensive, but do you realize just how expensive? A single retiree may pay as much as $500-1,000 per month for private health insurance. For a couple, the monthly premiums can surpass

When You Retire Without Enough

Start your “second act” with inadequate assets, and your vision of the future may be revised. How much have you saved for retirement?Are you on pace to amass a retirement fund of $1 million by age 65? More than a few retirement counselors urge pre-retirees to strive for that goal. If you have $1 million in invested assets when you retire, you can withdraw 4% a year from your retirement funds and receive $40,000 in annual income to go along with Social Security benefits (in ba

Your 2019 Financial To-Do List

Things you can do for your future as the year unfolds. What financial, business, or life priorities do you need to address for 2019? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to lowering your taxes. You have plenty of options. Here are a few that might prove convenient. Can you contribute more to your retirement plans this year?In 2019, the yearly contribution l

Is Generation X Preparing Adequately for Retirement?

Future financial needs may be underestimated. If you were born during 1965-80, you belong to “Generation X.” Ten or twenty years ago, you may have thought of retirement as an event in the lives of your parents or grandparents; within the next 10-15 years, you will probably be thinking about how your own retirement will unfold.1 According to the most recent annual retirement survey from the Transamerica Center for Retirement Studies, the average Gen Xer has saved only about $7

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