Advice For Seniors This is the first of a four-part series on how to create a financial plan for retirement. This post will cover insurance, and in subsequent posts we’ll talk about creating a budget, saving money and investing wisely. The insurance waiting periods can be really long, however if you apply for insurance on time, you will not have any problems. The only thing that’s worse than not having enough retirement income at all is finding out you’ll have too much after your debts are paid off but there won’t be anything left over for living expenses or luxuries like travel costs now that you’re retired. So it pays to get some basic life insurance before retiring so as not to run out of funds later! In addition, if possible try getting long term care (LTC) coverage through an employer sponsored group policy or individual LTC insurance. We hope this series will help you create a financial plan for retirement that’s comfortable and achievable. Insurance: it’s one of the most important topics to cover when planning for your future, especially since life insurance is often overlooked by many who are in their 20s or 30s with no dependents (or think they don’t need coverage). It pays to start thinking about how much money you’ll need throughout your lifetime so that you can make sure you’re well-protected while minimizing potential costs down the road. Although there are other ways to protect yourself financially, such as creating an emergency fund or saving up cash reserves, nothing covers all risks like purchasing a policy through your employer group policy or individual long-term care insurance. -Start thinking about how much money you’ll need throughout your lifetime so that you can make sure you’re well-protected while minimizing potential costs down the road.