Abacoa & Alton Neighbors - February 2022

F e b r u a r y 2 0 2 2 | Abacoa &Alton N E I G H B O R S 33 COMMUNITY CORNER • Living longer also means that your medical costs can increase significantly. Also, the possibility of the need for long term or nursing home care has to be considered, of which there is a high probability after you reach the age of 65. Currently Medicare and supplements don’t cover a lot of that cost.' • Taxes!!!! Yes, we know that you will have to pay them. The question is, how much will they take away from your retirement income. Will they go up or down? Who knows, but I would not bet on them going down any time soon. So how do you solve this conundrum? The good news is that through careful planning and the use of specialized technology, there are ways to be better prepared and increase your confidence that you can have the retirement you want. Most importantly, in my view, you can’t put off saving or planning to a later date in the hopes that Social Security, your IRA, or company’s 401(k) will be sufficient. It’s a long journey to and through retirement. You only retire once, so it makes sense to hire an experienced guide who can help you plan for the retirement you envision. If you want to contact Al you, call 561-578-4669 or atownsend@townsendfinlife.com