Dependable Retirement Planning Advisors

Dallas Retirement Planning

Dallas retirement planning includes considering health insurance during your later years, as well as some tactics for saving money. Sure, you have a lot of planning to do regarding investments, but you definitely shouldn't overlook important aspects like health insurance. If you currently have health insurance with your employer, you're going to need a new plan when you stop working.

If you're like most people, you aren't entirely sure where all your money goes every month. It comes in, goes into your bank account, and most of it goes out pretty quickly. If you want to start your Dallas retirement planning, though, you will probably need a few savings tips to keep some of that money from slipping through the cracks. You may feel like you don't have a lot of income in the first place, but they are definitely techniques to help you save better for your Texas retirement planning despite limited funds.

Texas Health insurance

If your Dallas, TX employer currently offers you health benefits, you may be surprised to find out how expensive it is when you retire. Most likely, when you stop working, you won't be able to stay on your employer's plan. If you're married and your spouse is continuing to work, there's possibility that you can be on his or her health insurance. Most likely, though, that would only be a short-term arrangement as your spouse will probably be planning retire around the same time (unless have a significant age gap).

You can temporarily use COBRA at the beginning of your Dallas retirement, but probably only for a short while. However, your employer may offer benefits for early retirees, allowing you to stay on COBRA longer. You should check with your company to find out if they offer any benefits. Also, while COBRA is comprehensive, it's quite expensive, so be sure to include those costs during you Dallas retirement planning.

If you belong to certain professional organizations or associations that offer group coverage, that may be an option for health insurance. Individual policies will likely cost more than a group policy, but you can obtain solid, reliable coverage. Again, be sure you calculate these costs during your Dallas retirement planning. Once you're ready, you can purchase Texas health insurance through a company or a Dallas agent.

You will want to have a plan for health insurance until you reach Medicare eligibility. For most people, Medicare kicks in at the age of 65, and, hopefully, you're enjoying your retirement. However, if you have a long-term disability, you may be able to start Medicare early. All people in Dallas who have End-Stage Renal Disease (permanent kidney failure) are eligible for early coverage. However, waiting for Medicare eligibility to come through can be a long, difficult process.

Money Saving Tactics

Have you ever looked at your Dallas bank account and wondered where all your money went? If so, it's time to start changing your ways and thinking about your Dallas retirement planning. You need a savings plan so you have enough money for your retirement. Saving money is the key to a happy retirement, and it is also the best way to build wealth.

If you're starting to seriously consider Dallas retirement planning, you might want to create an automatic savings account. That way, you can simply deposit a portion of your paycheck into a savings account, without spending it elsewhere. Often, even if you are planning on saving every month, when all the money goes into your standard account it often gets spent on something else.

There are probably a number of simple ways you can save money and start your Dallas retirement planning. For example, consider media usage in your life. Do you really need the cable? Are you really planning to read all those magazine subscriptions this year? If you really love television and magazines, you might want to consider the fact that you'll want to read them during your retirement, and try cutting back a little in the meantime.

There may be specific spending leaks that are making your Dallas retirement planning seem more difficult, such as eating out. Dallas, TX restaurants are fun, but dinners out add up. Forgetting to pay bills on time can be a culprit, too, because you end up saddled with late fees. Also, if you have debt, it's time to start planning to actively reduce it as soon as you can.

Saving money may seem like a chore, but every penny you save will benefit you in the future! Try to keep your Texas retirement in mind when you're planning your current spending, and you will win out in the long run. You may want to talk to a Dallas retirement planning specialist about additional savings ideas, such as a 401(k) or an IRA, to improve your current plan.

What do you need help with?
Which advisory services are you looking for?
Retirement Planning Portfolio Management
Estate Planning Education Planning
401K Rollover  
What is the approximate value of your portfolio?
First Name Last Name
Email Zip Code
Primary phone
Details or comments  (highly suggested)

Find an Advisor

Please wait...

Retirement Planners In Dallas

John Kvale, CFA, CFP
John Kvale, CFA, CFP
8222 Douglas Avenue
Suite 590
Dallas, TX 75225

Justin Farris
Justin Farris
14800 Quorum Drive
suite 360
Dallas, TX 75254

Justin Gedlen CFP, CRC
Justin Gedlen CFP, CRC
14135 Midway Rd
Suite G 100
Addison, TX 75001

Mike Kurz
Mike Kurz
6136 Frisco Square Blvd, Suite 400 #1099
Frisco, TX 75034

Jeffrey M. Garton
Jeffrey M. Garton
6401 Eldorado Pkwy. #226
McKinney, TX 75070

© 2019   Retirement Planning   All Rights Reserved. All other trademarks and copyrights are the property of their respective holders.
This website provides information related to the subjects covered. Before making any financial or legal decisions, a professional should be consulted.