If you haven't yet reached your 65th birthday, be sure to mark it on your calendar - you'll be eligible for Medicare! Unlike Social Security, there's a downside if you don't sign up on time. Your Medicare Part B and D premiums could permanently increase, and you could be denied supplemental coverage. If you plan to keep working, talk to your human
resources department about how this affects your group health plan.
Reminder! If you're already enrolled and you'd like to make adjustments to your current Medicare strategy, you have until December 7th to do so!
|
|
Everything You Need to Know About
Long-Term Care Insurance
|
November is Long-Term Care Awareness Month! Statistics show that nearly 70% of Americans that reach age 65 will need long-term care at some point in their lives, and in many situations, costs can be significant.
While no one likes to think about potentially reaching that point in their lives, planning ahead can make all the difference. As you prepare for retirement, it's important to consider coverage that could assist in the cost of a lengthy stay in a nursing facility or in-home care. It's typically better to lock in premiums while you're younger and in most situations, healthier.
Weighing the options and deciding whether or not long-term care insurance (LTCi) is right for you can be overwhelming.
Why buy long-term care insurance? What are the benefits and are there any disadvantages? Am I healthy enough to qualify for coverage? How does it work and what will it cover? We encourage you to take a look at this article that reviews LTCi in greater detail.
Each individual has their own unique situation and many factors come into play when determining whether LTCi is the right move or not. We're here to help! Please call our office at (518) 584-2555 if you'd like more information on LTCi and see if it may be right for you.
|
|
The recent market pullback is a good reminder that volatility is normal, even in the strongest bull markets. In fact, since 1980, the average year has seen a 14.2% peak-to-trough pullback. In addition, 21 of the past 41 years saw at least a 10% correction, with 12 of those 21 actually finishing higher.
While market volatility is likely to cause concern, it's important to stay focused on the long term. Take a look at how often pullbacks occur and just how normal they are in the chart below.
|
|
Technology & Older Adults |
|
The onset of the COVID-19 pandemic has caused a surge in the use of technology across the country, including among older adults. While there's no doubt that technology is usually more convenient and overall beneficial for many, it can be confusing and difficult to navigate for some.
In the past year and a half, technology has played a significant role in helping seniors stay connected to their loved ones, as well as medical professionals, while remaining physically distanced.
There are many resources and programs that are designed to help seniors overcome technological barriers and take advantage of all it has to offer. Click here to learn more about the importance of tech education for older adults.
|
|
Local Events this November! |
|
Discover Saratoga's Annual Restaurant Week
There's still time to get out and enjoy Restaurant Week in Saratoga! Participating restaurants throughout the county are offering 3-course dinners for $25 or $35 through Sunday, November 7th.
$15 lunch specials are also being offered at some locations. Saratoga Restaurant Week makes for the perfect opportunity to get out and try one of the area's many restaurants at a great price!
Options are available for indoor dining, outdoor dining, and takeout. Click here for additional details!
Wilton Wildlife Preserve & Park
The Wilton Wildlife Preserve and Park is offering weekly events this month for locals looking to get outdoors! These walks allow for a great opportunity to exercise, socialize, and view the foliage changes this season!
|
|
Robert Schermerhorn, CFP®
Jamie Usas, CFP®,
Operations Manager
Amanda Friedman,
Wealth Consultant
Andrew Chapman, CFP®,
Operations Research Associate
Lauren Bliss,
Office Coordinator
Saratoga Financial Services
18 Division Street, Suite 305
Saratoga Springs, NY 12866
Phone: (518) 584-2555
|
|
Securities & advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC
|
|
|
|
|
|
|
