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Pasadena Estate & Succession Planning Meeting (Affinity Group In ProVisors)

New Wave Home Care attended the Pasadena Estate & Succession Planning Meeting (Affinity Group In ProVisors). We were treated to two great presenters; Joanne M. Crowley, MBA, RICP discussing Maximizing your SSA and Mona Marcos covering Medicare Benefits.

During the maximizing your SSA benefits portion of the meeting, Joanne talked about when to retire and strategies surrounding when spouses retire, including whose benefits to tap into first. She also discussed timing around SSA benefits, and reviewed some of the reasons why people who want to use their benefits should wait until they are 70 years old.

In the second part of the meeting, Mona talked about Medicare Part A, Part B, and the difference between Medicare supplement vs Medicare advantage. Her presentation gave everyone in the room a world of knowledge about Social Security & Medicare benefits!

Finally, Mona explained the necessity of owning a Long Term Care Insurance plan that offers big benefits when it comes to paying for the cost of elderly and senior care which sadly, many people do not buy this type of insurance.

It was especially helpful seeing how simple mistakes, like not making the most informed choices, can be financially detrimental in the long run as many penny pinchers choose less expensive options in the short term. Unfortunately, this choice can often lead to losing significant benefits and having much more expensive situations much later in life.