Elder Care Attorney, Mindy Felinton writes about the most surprising thing retirees discover too late and think that it’s been kept secret and, she suggests readers take notice and take action so as not to be caught off guard at retirement age.
Delray Beach, FL. January 21, 2020: Mindy Felinton, founder of Felinton Elder Law & Estate Planning Centers, has posted a new blog on her law firm’s website entitled “One Of The Biggest Retirement Planning Secrets,” in which Ms. Felinton hopes that revealing the secret will spur more people into action.
According to Felinton, “The one thing that comes as the biggest surprise to most retirees is this: Retirement will probably last longer than you expect!” She continues, “That’s right. And, once this is discovered, many people wonder why they didn’t know. Why would anyone keep this secret?” She states, “It’s not that professional financial advisors and attorneys aren’t mentioning it. The real issue is that most people don’t start saving or thinking about retirement until much later in life.” Felinton adds, “The fact is that most people spend about 20 years in retirement. However, that is changing as medical advances continue to lengthen life span expectancies.”
“The longer we live,” writes Felinton, “the sooner we have to start saving for retirement. Once upon a time, 75% of one’s income was enough to save and get one through retirement. That was the common wisdom. But if you don’t earn a lot of money, you could need as much as 90% of what you earn annually.”
The entire blog can be read at https://www.felintonlaw.com/one-of-the-biggest-retirement-planning-secrets/
About Mindy Felinton
From a young age, Mindy wanted to be the voice that would make an impact in people’s lives. She became an attorney and has practiced law for over 30 years, so that she could fulfill her desire to help others. As a special prosecutor, Mindy defended the underdog (literally) in cases of animal abuse. As a state attorney in Florida she fought for justice. During the last 25 years, Mindy met many wonderful people who did not know their rights, did not understand the law, and did not know what options were available.
Mindy assists families with Medicaid planning to help with the cost of nursing home care and with obtaining veteran’s benefits to make the cost of care more manageable. She also prepares wills, trusts, powers of attorney, and medical directives. Mindy is passionate about educating both other professionals and the public concerning VA Aid & Attendance benefits, Medicaid benefits, and the use of trusts for the protection of assets. She shares her experience and professional knowledge through free workshops, and as a frequent lecturer at State Bar Conferences.