Blog: The Senior's Advocate
Posted on: Jul 16, 2014
From Our CEO and Top Financial Planner Chris Alberta
1. Trust your gut instinct. Salespeople have a way of creating anxiety when none exists in search of a commission. Never be afraid to sit on the sidelines for a bit with your retirement dollars…nobody ever looks back after a market crisis and regrets being safe.
2. Take the EMOTION out of your Medicare insurance purchases. Having a true professional with access to a multitude of carriers review your health and financial abilities will ensure you don’t overpay.
3. Forget BORROWING forever. Reverse mortgages and opting to invest money instead of paying off debt is almost never a good idea.
4. Search for generic medications whenever you can, and re-evaluate your Part D plan EVERY year. The plan with the lowest out-of-pocket cost will always be your best bet, regardless of what a salesperson may say.
5. DON’T be afraid to change directions with your investments. Far too many folks look past guaranteed products like annuities simply because they are uncomfortable with change. If we don’t learn from our mistakes we will eventually repeat them.