Your responsibilities have grown over the years. If you had children, they are most likely off to college or set in their career by now. You might be faced with taking care of elderly parents or health challenges yourself. In addition to those responsibilities, you are much closer to retirement. You may be worried that you aren't saving enough for retirement and that you may not be able to have the financial freedom in your golden years that you dream of. We understand these concerns. We want to help you meet all your current financial responsibilities and still fund the retirement you deserve. At this stage in your life, with retirement not too far away, you need to make sure that your money is growing at a rate that will beat inflation and that whenever possible you are also minimizing your tax burden. At the same time, because your time horizon until retirement is now shorter than when you were in your twenties, you likely will want to reduce the level of risk in your overall portfolio. It is very important to have adequate health care coverage at this stage of life, along with disability insurance. A medical emergency or disability could wipe out all the progress you've made until this point. You may also want to consider long-term care insurance as purchasing it in your 50s will be far more affordable than later in life. You should also consider if you have sufficient life insurance coverage. Consider if you died now would you be able to leave enough behind to care for any remaining dependants, elderly parents and the long term living expenses including assisted living for a surviving spouse? Besides continuing to maximize your contributions to your employer's 401k plan and your personal IRA, you may also want to consider tax advantaged financial products that can provide you with a future income stream such as annuities. We can help you review your current investment portfolio and make adjustments that will help you maximize your future income, keeping in mind your tolerance for risk. Harborstone's Financial Advisors understand the many responsibilities you are juggling currently. We can help you audit your insurance coverage to determine if you and your family are adequately covered. By reviewing your current retirement plan together, we can help you decide if you are on track to having the kind of retirement you desire and if your investment mix needs to change to meet your current financial needs and long-term goals. Through Harborstone you can access a wide array of financial and insurance products to meet you and your family's needs. To schedule a complimentary appointment with a Harborstone Financial Advisor, call (253) 589-8396 today.What To Consider
Your money needs to work harder
You and your loved ones need protection
How Harborstone can help