5 years before retirement, do this paid Impact_Partner
— which are often not covered by Medicare. If you wouldn’t easily be able to cover the expense of long-term care out of your retirement income budget alone, it may make sense to look into long-term care insurance policies, says Oakley. Similarly, if you still have outstanding expenses, such as a mortgage, or have dependents, like grandkids, it may make sense to consider life insurance.
“I’ve seen plenty of high-earning executives wondering how to maximize their benefits. They’ve paid in, and now they want a maximum return,” explains William Arone, CEO of the National Academy of Social Insurance. While people become eligible for social security benefits beginning at age 62, the. But you can wait until you’re 70 to take the benefit.
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