2019 - BML Wealth Management

19 12, 2019

The Rising Cost of Healthcare in Retirement
The Rising Cost of Healthcare in Retirement

The Rising Cost of Healthcare in Retirement

BML Wealth Marketing2020-03-05T09:32:28-08:00December 19, 2019|Retirement|

We know life is like a box of chocolates – but what about retirement? Do you really know what it holds, or how much it will cost? It’s easy to budget based on your current lifestyle, but what about anticipating major unexpected costs? The truth is that as you get older, it’s likely you’ll have to spend more on healthcare. But the truth is also that there are things you can do to plan ahead for this. We always hear that healthcare costs are rising and Americans are living longer, so why not take these [...]

17 11, 2019

Estate Planning for Your Loved Ones
Estate Planning for Your Loved Ones

Estate Planning for Your Loved Ones

BML Wealth Marketing2020-03-04T15:05:01-08:00November 17, 2019|Estate Planning|

An estate plan is like a car; it requires regular maintenance and may need parts replaced as it ages. Some experts recommend reviewing your estate plan every three years, or after a major life event. You may need to update your estate plan to reflect the changes to the tax code, as well as life events like the death or birth of a beneficiary. You also should consider if your beneficiaries are prepared to receive money, or if they still are, even if they were when you originally laid out an estate plan. One recent [...]

15 10, 2019

Don’t forget about Your Old 401(k)s
Don’t forget about Your Old 401(k)s

Don’t forget about Your Old 401(k)s

BML Wealth Marketing2020-04-16T16:10:40-07:00October 15, 2019|401K, Retirement Income|

Do you have multiple 401(k)s? If you left your money in a former employer’s 401(k), you may want to reconsider as you near retirement. According to the Bureau of Labor Statics[1], Baby Boomers have held an average of 12 jobs by the time they turn 50. When you leave a job, the money you contribute to your 401(k) is still yours, and you may also be able to keep your employer’s contributions depending on your vesting schedule. There are a few options for your old 401(k)s: You can cash out of the plan, leave the [...]

30 09, 2019

Aging in Place
Aging in Place

Aging in Place

BML Wealth Marketing2020-03-05T09:29:35-08:00September 30, 2019|Lifestyle|

Many homeowners age 50 and older say that they want to “age in place,” but the reality is that many homes were not built to accommodate the needs of older people. If you want to remain in your house during your golden years, you may need to do some home remodeling. Fortunately, there are modifications you can make to your home to accommodate yourself as you age. And, they will be easier to make before you actually need them. Features like no-step entries and a first floor bedroom and full bathroom can keep you in [...]

4 08, 2019

Travel in Retirement Without Overspending
Travel in Retirement Without Overspending

Travel in Retirement Without Overspending

BML Wealth Marketing2020-03-05T09:33:27-08:00August 4, 2019|Retirement, Traveling|

So you want to become a world traveler in retirement, but you’re also a responsible person who knows they need to support themselves for the next 30 years. You can take advantage of your newfound free time in retirement and rethink your destinations to maximize value. With careful compromise and some creativity, you could fulfill your dreams of travel in retirement without overspending. Setting a travel budget is one of the rules of retirement to consider, especially if you want to take advantage of your abundance of free time and make multiple, or extended trips. [...]

Yearly Archives: 2019