Midlife planning for late life success!
Future Proof Your Retirement
Midlife planning for late life success!
Midlife planning for late life success!
Midlife planning for late life success!
The Future Proof Team is a resource group focused on educating people so they are prepared for a successful and crisis-proof retirement and late life. We are comprised of a Certified Financial Educator, a Health Insurance Broker, and a Senior Living Advisor with guests speakers on Estate Planning, forever home planning and tax planning.
Our Vision is to bring up those questions that you wouldn’t think to ask so we can help you prepare before it’s too late. It’s always better to have a plan before you are in crisis mode.
We address critical topics such as:
Joy McMurchy is a Certified Financial Educator whose passion is helping families create a plan to achieve their goals and dreams. Coming from an education background, she joined her current firm after being a client and experiencing financial freedom and opportunity through financial education. Her firm specializes in Estate Planning, Life Insurance, Investments, Retirement Planning, and College Planning. Her personal experience navigating the Medicaid application and spend down process has made her an invaluable resource in the senior community. She lives in the Willamette Valley of Oregon with her husband and dog, but serves clients in the states of OR and ID.
Alisha Mack's biggest passion is helping seniors. She is passionate about sharing her knowledge from the industry with families as they navigate the challenges and discussions related to senior living care options for their loved ones. She was drawn to join team Oasis Senior Advisors because of the ethical business practices, their positive reputation, and the integrity of the team. Coming from working in the long term care industry, She had the opportunity to work directly with other senior living advisors. It was clear to her that Oasis Senior Advisors was a team of compassionate individuals focused on doing the right things in support of the client’s wishes. She is a proud member of Tigard Rotary Club where she enjoys participating in service projects for her community and international club projects.
With an MBA, a Bachelors in Business & Finance, 20 years of customer service experience and a BIG HEART, Jacquie Walter has met her client's needs with Exceptional Medicare Supplements, Medicare Advantage Plans, Prescription Drug Plans, and Individual Health Insurance Solutions in 10 states. As an Independent Insurance Broker, she represent companies like United Healthcare, Regence, Kaiser, Aetna, Providence, and Humana to name a few of the many insurance carriers. She also has amazing Dental, Vision, Critical Illness, Accident, Cancer and Term Life Insurance Policies. Unlike some insurance agents, Jacquie Walter is there for you not only before you become a client but will always be there after to help with any policy service matters and renewal questions.
Please contact us if you cannot find the answer to your question.
You are never too young to start planning! Retirement planning typically should start at least 10 years before you wish to stop working. That last decade allows you and your financial advisor to make any necessary adjustments and start looking at options for creating the income you will want and addressing other concerns like Long Term Care and Estate Planning. Annual reviews are ideal and you will want to do another retirement checkup about 5 years out. If you do not have a financial advisor, please reach out to us!
For most people, the answer is yes. Very few people are financially able to self-insure, especially with the rising costs of healthcare and long term care. A simple way to calculate your life insurance needs is the DIME method: Do you have any Debt? How much Income will your family need to replace if you pass away? Do you still have a Mortgage? Do you want to leave any money for Education (college funds) or Estate Planning (inheritance)? If you have answered "yes" to any of these questions, you probably still need life insurance. Please contact us to set an appointment to discuss how much you need, what type is best for your situation, and what it should cost.
Most people think of very elderly people in nursing homes when they hear Long Term Care but it is really a much broader range of both medical and non-medical services for anyone, of any age, who is dealing with a chronic illness or disability for a long period of time (typically 100 days or more).
While they are still young and healthy! The best time to plan and qualify for the right Long Term Care plan is well before you think you need it. Around the ages of 50-60 is when most advisors suggest looking at plans but there are great options for people as young as 18. By their 70s, when most people are retired, their options are more limited and might even be beyond the average person's price range. Once a Long Term Care situation has arrived, it is often too late.
Someone turning age 65 today has almost a 70% chance of needing some type of long term care services and supports in their remaining years. For couples, there is a 90% chance that one spouse will need long term care. Women need care longer (3.7 years) than men (2.2 years). One-third of today's 65 year-olds may never need long-term care support, but 20 percent will need it for longer than 5 years. In 2019, the average annual cost of nursing home care in the United States was $102,200 for a private room. Add the probability of needing LTC to the cost of LTC and decide if you are prepared to risk footing the bill out of your own pocket.
Many people are surprised to learn that Medicare does not cover long-term nursing care. Medicare does not provide coverage for people who need to go into nursing homes indefinitely because they are disabled or can no longer take care of themselves. Medicare also does not cover assisted living or adult daycare. Medicare does not cover daily custodial care, such as assistance with eating, bathing and dressing. Medicare helps to pay for your recovery in a skilled nursing care facility after a three-day hospital stay. Medicare will cover the total cost of skilled nursing care for the first 20 days, after which you'll pay $185.50 coinsurance per day (in 2021). After 100 days, Medicare will stop paying.
Estate Planning is not just for people who have estates. Anyone who wants to decide how their assets (home, retirement accounts, life insurance, personal possessions, etc) are distributed to their surviving family needs a plan. There are several documents the average person needs for their plan: a will or trust (gives directions for what to do with your property after you die), a financial power of attorney (allows someone else to take care of paying bills and other financial obligations while you are alive if you are unable to), a healthcare power of attorney or advance directive (allows someone else to make healthcare decisions for you if you are unable to), and a HIPAA authorization (allows your medical care team to discuss your health and treatment with your healthcare power of attorney).
It is never too early to get started on your late-life plans. Tell us more about your goals, and we will get you started on a plan to achieve them.
Monday - Friday: 9am - 5pm
Saturday - Sunday: By appointment
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