Retirement Planning

Elder Law Attorney for Rhode Island, Eastern Connecticut and Southeastern Massachusetts

When a person creates an estate plan, they often establish a retirement plan. Popular types of estate plans are 401(k) plans, defined benefit plans, and money purchase pension plans. Some jobs may provide employees with a retirement plan, which are often qualified plans.

 

The reality is that people are living longer and require stable income to meet their daily expenses.  A person can maximize benefits and income while preserving assets for the next generation provided that the proper planning has been put into place. 

​

Retirement Strategies

​

One key strategy in planning for retirement income is maximizing your benefit under the Social Security system.  

Social Security income will play a major role in monthly income for many retired seniors and should not be overlooked or ignored.  Knowing the appropriate time to start taking the benefit will impact the amount of income a person will receive.

Retirement should be the time in your life where you can relax.  The stress of not having enough income to meet necessary daily expenses can be avoided with having the proper plan in place to meet your income needs and give you peace of mind.    

 

The elder law attorney and the staff at Connelly Law can help you with the planning process to provide peace of mind during your retirement years.