Your retirement wealth could be wiped out in a hurry if you don’t protect from this potential disaster paid Impact_Partner
You’ve turned in your notice. You have your last workday scheduled. You’ve started moving your assets to a new advisor, who has assured you that your portfolio will perform, and you won’t run out of money later in life. If you’re one of the retirees with over a million hard-earned dollars in your retirement account, your funds should be diversified to help last you and your spouse through the good and bad markets.
Since the husband’s health was starting to fail, I asked them about long-term care. They told me they didn’t want long-term care insurance because past advisors said only 5% of retirees end up in a critical-care facility . They felt comfortable depending on their own assets in case anything happened.
Her husband visited her each day and assisted in her rehab, but she never fully recovered. She passed away, and he lived three years after her.
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