Schedule a Call

Fill in your details below and we'll have one of our product specialists contact you.

SCHEDULE A CALL

Protecting Your Retirement Accounts from Dementia

 

 

Advanced directives, trust agreements and durable powers of attorney are all used to help clients on a regular basis when that client is approaching older ages. One additional step that often needs to be taken is considering a potential decline in your cognitive abilities. Running out of money is frequently at the top of the list for any elderly individual when it comes to what concerns them the most.

Living off of the interest put inside a CD is no longer a viable option given health care concerns and longevity in the United States. Sometimes clients are forced into riskier investments with the hope of better returns as a result. Individuals must remain knowledgeable about keeping an eye on all of their retirement accounts to guard against risks as well as to have a contingency plan for an unexpected problem that could have a devastating impact on their retirement account. Your account is at a much higher risk if you are not paying attention to the potential damage you’re exposing yourself to as a result of a future decline in your mental health. While everyone hopes to live a long and healthy life, it is not always possible to anticipate a sudden disability or cognitive decline.

Large financial institutions in recent years have recognized the desire held by elderly individuals to have better interest rates and have thus created plans that will guard against market losses but would still give an opportunity for higher returns with very little risks to the principle. This is one of the best ways to protect your retirement investments from a dementia event in the future.

Talking to an estate planning lawyer can help you figure out the best way to protect the investments you have worked so hard to grow over the course of your life. There’s a great deal of importance in the planning process, so don’t hesitate to get the help you need.

 



Get Your FREE Report Now!

Three Reports Tell Secrets to Paying for Nursing Home Care

Simply enter your name and email to the right to get
your 3 Free Reports that reveal little known secrets to qualifying for Medicaid without going broke.

Plus, receive the Morton Law Firm email newsletter and alerts to upcoming education events absolutely free!



Morton Book

Call Us (601)925-9797 or Email Us

Copyright 2018 Morton Law Firm, LLC | Privacy | Disclaimer | Sitemap