Let’s talk about employees aged 60 and older that are typically looking forward to retirement. They have spent the majority of their life doing the job that they were hired to do and undoubtedly did it well, but they are going to walk out the door with a whole new assignment.

The new assignment that will be so foreign to them is how to take care of their health insurance, their dental insurance, their 401(k) and things that have been provided through their employment as benefits. It’s like walking onto the stage without your script – you’re lost!

Sears Insurance would like to serve as your transition partner in taking your quality employee out from under your wing and securing their position going forward. We will run quotes for them, discussing the pros and cons of all options for their health insurance for themselves and possibly their family and we can roll the 401k into an IRA (Individual Retirement Account).

One of the key components to advising folks on their retirement assets is to have a discussion with both the husband and the wife as to their overall picture. We talk about their asset to debt ratio and where their funds would grow safely.

Generally speaking, a retired person’s allocations for the investment of their funds should be safer leaning more towards the conservative side than the high risk side. The investment that we suggest here would offer guaranteed principal, a minimum rate of return, tax deferral and access to their funds. Outside of that, we recommend that plenty of reserve is left in your local bank for unexpected needs and luxuries that you so well deserve and a portion “in the market”.

When I say “in the market”, I mean stocks, bonds, mutual funds, i.e. high risk, non-guaranteed investments, so we can still appreciate market gain safely if we are more tethered to guaranteed and conservative funds. We do not want to lose principal at this stage of our lives as we do not have the mortality left to absorb significant losses.

So, our role here does not start and stop with your group benefits. We offer to continue to serve the needs of your employees as they venture into their retirement. Again, please know our consultations are free and we’re here to help.