Create an Income Stream
Taking initial withdrawals of 4% or considering annuities are often recommended to retirees.
1 in 8 Baby Boomers is helping take care of a parent.
Make sure they enroll in Medicare.
See if they qualify for Medicaid in Kansas.
Make sure your kids can stay on your health coverage until age 26.
If your kids are now independent, see if you can decrease your life insurance coverage.
If retiring before 65, affordable health insurance can be hard to find.
If you are in an employer-sponsored group health insurance policy, see if the employer also sponsors a retiree group plan or if you can change the coverage into an individual policy.
If your health and financial situation can allow for it, perhaps a high-deductible plan is right for you.
Purchasing an annuity may also be a good decision at this time, depending on your age and future income.
5 Tough Questions to Answer at Age 50: click here
10 Insurance-Smart Things to do as You Turn 50: click here
This article is published on KansasMoney.gov. Find more information by contacting these state agencies: