Financial Roadmaps for Life’s Transitions

A Message from Karmi Gutman, CFP®, Financial Planner

Planning for the future often focuses on what happens after we pass away, but it is equally vital to plan for the journey there. In my experience, the greatest risk to a retirement nest egg isn’t market volatility it’s the lack of a plan for aging.

At the Retirement Management Office, we believe you shouldn’t have to choose between receiving quality care and preserving your financial legacy. Our goal is to build a financial roadmap that ensures your security and healthcare needs are met without sacrificing your peace of mind.

How to Financially Plan for Long-Term Care

The costs associated with aging can compound quickly, often becoming a significant burden on a spouse or children if not addressed early. We help you navigate the financial paths to ensure your care is funded strategically:

• Self-Funding Strategy: We analyze your current assets to determine if they can support various levels of care while still providing for a surviving spouse.

• Hybrid Solutions: We explore modern strategies that provide benefits for care if you need them, while offering a legacy benefit to your heirs if you don’t.

• Income Guardrails: We utilize specialized tools designed to provide a steady stream of cash flow to cover care costs while keeping your principal assets protected.

The Role of Your Legal “Keys”

A financial roadmap only works if someone has the legal authority to follow it. This is why our work at the Retirement Management Office is integrated with the legal team at Keystone Law Firm. They provide the necessary legal “keys” to protect your autonomy:

• Living Trust: This allows your chosen successor trustee to manage your assets and follow your financial roadmap seamlessly if you become incapacitated.

• Health Care Power of Attorney (HCPOA) & Living Wills: These documents give your advocates the authority to make healthcare decisions and ensure your medical preferences are followed.

• Special Needs Trusts: For families caring for a disabled loved one, these trusts allow for an enhanced quality of life while safeguarding their eligibility for vital assistance programs.

• HIPAA Authorization: We ensure your advocates have the legal right to access your medical information and communicate with your doctors.

The Role of Your Legal “Keys”

A financial roadmap only works if someone has the legal authority to follow it. This is why our work at the Retirement Management Office is integrated with the legal team at Keystone Law Firm. They provide the necessary legal “keys” to protect your autonomy:

• Living Trust: This allows your chosen successor trustee to manage your assets and follow your financial roadmap seamlessly if you become incapacitated.

• Health Care Power of Attorney (HCPOA) & Living Wills: These documents give your advocates the authority to make healthcare decisions and ensure your medical preferences are followed.

• Special Needs Trusts: For families caring for a disabled loved one, these trusts allow for an enhanced quality of life while safeguarding their eligibility for vital assistance programs.

• HIPAA Authorization: We ensure your advocates have the legal right to access your medical information and communicate with your doctors.