Do You Really Need Life Insurance In Retirement? Most people understand the reasons for having life insurance during their working years. But, sometimes people wonder, “Do you really need life insurance in retirement?” Fair question. In some cases, people obtain life insurance in their working years. First, they do this to protect their household income. […]
Do You Really Need Life Insurance In Retirement? Read More »
Sometimes when we think of our later years in retirement, we forget to reflect on what savings we will need beyond the monthly costs of healthcare, rent, food, etc. at an independent living facility. We need to remember to consider the larger sum of money needed to “buy in” to Long-Term care. This week’s article
Independent Living Read More »
Lately, we have been asked about taxes and life insurance. Specifically whether or not beneficiaries of a life insurance policy have to pay income taxes on that money, or whether the estate has to pay taxes on it. The simple answer is, usually, no. However, there can be nuances involved. For example, taxes can depend
DO BENEFICIARIES PAY TAXES ON LIFE INSURANCE? Read More »
This week’s article reminds us that “Senior insurance needs are different. Time to drop the disability coverage and review your other plans.” The most obvious insurance retirees need to maintain is health insurance. While most seniors age 65 and older are eligible for Medicare, Medicare doesn’t cover 100% of medical costs.” Knowing this, it is
Insurance needs change when you retire Read More »
Donald L Retallick III
FL Insurance License # P109239
Retallick Financial Group
Florida Lic. #L096591
*Backed by the claims paying ability of the carrier.
**Our products offer a reasonable rate of return, over time.
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By contacting Donald L Retallick III FL Insurance License # P109239/ Retallick Financial Group Florida Lic. #L096591, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.