Share

Gainesville Florida Estate Planning & Elder Law Blog

Friday, April 18, 2014

Retirement Mistakes

If you’re getting ready for retirement and you haven’t planned for it yet, you may be in for a rude awakening. The only good news is you may not be alone. In a recent USA Today article, Matthew Shafer, economist and author of The Future of Your Wealth shared some common mistakes made by couples preparing for the next stage of life.

First, Shafer says not too feel bad because retirement is very complicated. But here are his seven big mistakes.

  1. The couple never talked about what they expected retirement to be. Besides the financial changes, retirement likely means spending a lot more time together.
  2. Couples in second and third marriages didn't think to plan for their potentially unique problems. Blended families can create significant issues.
  3. They didn't do proper financial planning. Very few retirees have a financial plan, so they don’t really know what they have and what to expect.
  4. They haven't planned for emergencies. Things may look fine at the start but an emergency can be devastating.
  5. The couple didn't consider the costs of health care or long-term care. Few people have long-term-care insurance but there is a strong likelihood they will need it.
  6. Only one partner is handling financial matters. This is all too common and an obvious and very big mistake.
  7. Do not assume that just because you're married you can automatically act for each other in business and health care decision-making. You need to make sure that the proper legal documents are completed.

Go through this list carefully to see if you’re ready for retirement. Most problems occur simply because you didn’t plan.


Archived Posts

2019
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
May
April
March
February
January
2013



The Law Office of Sam W. Boone, Jr. assists in Gainesville, Florida and the surrounding counties.

*The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.*

* I have read and accept the disclaimer **


The hiring of an attorney is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience. Additionally, the comments, statements and articles contained herein are general in nature and should not be relied upon as a basis for any legal opinion, action or conclusion on the part of the reader with respect to any particular set of facts or circumstances.

© Sam W. Boone, Jr., P.A. | Disclaimer | Law Firm Website Design by Zola Creative



© 2019 Sam W. Boone, Jr., P.A. | Disclaimer
4545 NW 8th Avenue, Suite A, Gainesville, FL 32605
| Phone: 352-374-8308

Estate Planning | Advanced Estate Planning | Elder Law | Special Needs Planning | Probate / Estate Administration | Asset Protection | Guardianships | Pet Trusts | Planificación de Bienes | Planificación Avanzada de Propiedad | Reviews | About Us | Resources

Attorney Web Design by
Amicus Creative