We’re at a time when most Baby Boomers are reaching – or soon to be reaching – retirement age. That means that they’re at a stage where their retirement “is what it is.” Though some are still working, and some are still finding ways to save, many have already begun receiving their social security and retirement payouts, and are ready to see where their retirement income takes them.
For many Baby Boomers, there is still time to consider some long term care and retirement insurance plans, and we encourage you to reach out to Long Term Care Resources – Pacific Agency for personalized support. But it is also now time to draw attention to the next generation that needs to really think about retirement – Gen X.
Generation X (Gen X) is now between 44 and 59 years old, and that means that the oldest Gen X is about to hit retirement age very soon. What does this mean for this generation?
Ask LTCR Pacific – Long Term Care Resources Pacific Agency
First and foremost, know that every situation is different. At Long Term Care Resources Pacific Agency, we’re more than an insurance company. We’re someone you can talk to about – as our name implies – resources. If you’re looking for help understanding what to plan for your next steps, reach out to our team today to learn more about our services and support.
Based in California in the Thousand Oaks area, we have agents that represent over 35 states and growing, and can provide very personalized support to help you meet and manage your financial needs. Give us a call today to learn more.
What to Know About Insurance, Long Term Care, and More
There are many things that need to be planned in order to prepare for retirement, but long term care is one of them, and that planning typically starts right now. The ideal time to consider products like long term care insurance and plan your long term care needs is when someone is between 50 and 55 years old, and ideally before 60.
That is right in the heart of the Gen X age group.
This is when long term care insurance is typically purchased, with its premiums often at their lowest, and before there are as many medical needs or a higher risk.
In addition to long term care insurance, this is also the age when those without life insurance need to strongly consider it, because it is not uncommon for premiums to increase substantially after age 60. It may also be time to do a little bit of funeral planning, and potentially request information on funeral insurance.
Overall, this is a time period when many people have questions, along with different needs that can be difficult for anyone to handle on their own.
We’re called “Long Term Care Resources” because our goal is to be just that – a resource. Yes, we sell insurance, but we are also here to help you where we can and make sure you’re getting good, personal feedback. Ready to get started? Contact LTCR Pacific Agency, today.