When it comes to retirement planning, long-term care is one of the most overlooked and expensive needs. And for many retirees, Medicaid has historically been a financial safety net that helps cover those costs. The One Big Beautiful Bill (OBBB) is bringing changes that could significantly change how that safety net works, who it’s for,
How the OBBB Could Affect Your Healthcare Situation Read More »
According to Bankrate.com, nearly three‑quarters of U.S. adults report at least one financial regret. In this video, JB with Beckett Financial Group and Erin Kennedy break down the top 5 planning mistakes; they are:
1. Not having a “GRIP” on your retirement: GRIP is an acronym for Guaranteed Retirement Income Plan
2. Taking inappropriate risks: either being too aggressive or too conservative can derail your retirement
3. A “gross” planning mistake: focusing too much on the “gross” amount in your tax-deferred retirement accounts, without taking taxes into account
4. Not having a plan for long-term care
5. Not Optimizing Social Security
5 Financial Planning Mistakes to Avoid Read More »
In this video, JB with Beckett Financial Group and Erin Kennedy talk through the three biggest expenses you’ll see in retirement; be sure these expenses are in your plan, or you may run out of money!
1. Largest Known Expense: Taxes
2. Largest Potential Expense: Healthcare
3. The Silent Thief: Inflation
The only way to combat the possibility of expenses exceeding assets is to have a written income plan for retirement, and that is why JB makes certain it’s one of the first steps he takes with clients: create a budget with all known expenses and build an income plan around it.
The 3 Biggest Retirement Expenses and How to Control Them Read More »
President Trump’s newly passed “One Big Beautiful Bill” (OBBB) is making headlines, and retirees might want to pay close attention. Aimed at expanding the 2017 Tax Cuts and Jobs Act (TCJA), this sweeping legislation includes a mix of tax breaks and potential pitfalls that could impact seniors for years to come. Potential Benefits of the
What Retirees Need to Know About the New “One Big Beautiful Bill” Read More »
The Countdown to Retirement continues! Listen to this: according to Fidelity, the average 65-year-old couple will need nearly $315,000 for healthcare in retirement, not including long-term care. But as JB with Beckett Financial Group and Erin Kennedy discuss, long-term care, isn’t a “maybe” it’s likely; 7 out of ten people will need long-term care at some point, and it’s not covered by Medicare. Here are your options:
1. Traditional Long-Term Care Insurance
2. Linked Benefits
3. Self-Insure
4. Become a Dependent
Of course, certain options are better than others. But determining what’s right for you, can be difficult. If you’d like to talk through these options with JB, please call (803) 939 – 4848 or visit www.BeckettFinancialGroup.com
4 Ways to Address Long-Term Care and Medical Expenses in Retirement Read More »
Most retirees don’t fear market crashes or inflation nearly as much as they fear one very real possibility: running out of money. And yet, many financial plans focus on growing your nest egg, not preserving and distributing it over a retirement that could span decades. The Longevity Problem This is the core of longevity risk—the
Will Your Retirement Outlive You? The Real Risk of Longevity Read More »
Big changes are on the horizon, and they could affect your retirement income, taxes, and estate plan. In this video, JB Beckett with Beckett Financial Group and Erin Kennedy break down what’s in the new legislation (aka the “big beautiful bill”) and how retirees can prepare now to take advantage of the benefits or avoid potential pitfalls.
What the “Big Beautiful Bill” Could Mean for Your Retirement Read More »
For many retirees, Social Security isn’t just a monthly deposit—it’s the foundation of their entire retirement income. But choosing when to claim it isn’t as simple as picking a birthday and signing paperwork. It’s a decision with lifelong consequences. Claim too early, and you could lock in thousands less per year. Wait too long without
Claiming Social Security at the Right Time Could Change Your Retirement Read More »
When people think about retirement planning, they often focus on IRAs, 401(k)s, and investment portfolios. But for many retirees, life insurance can play a strategic role, especially when it comes to navigating taxes. Whether you’re considering a new policy, already own one, or are weighing options for estate planning, it’s important to understand how life
Understanding the Tax Treatment of Life Insurance in Retirement Read More »
Birthdays in retirement aren’t just a reason to celebrate—they’re also checkpoints that can unlock new financial opportunities (or trigger important deadlines). From Social Security eligibility to Required Minimum Distributions (RMDs), several key ages mark turning points in your retirement journey. Here are four birthday milestones every retiree should know—and what they mean for your financial
4 Key Birthday Milestones in Retirement—and What They Mean for Your Financial Strategy Read More »
