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 Betty, of Lynnwood,Washington, was struggling with a serious decision that many seniors are being forced to deal with everyday: pay her bills or eat? Not much of a choice is it? She began to realize that her retirement savings was not sufficient enough for her to cover her needs. Even with her Social Security and a retirement account, Betty needed assistance and needed it fast.
In 1995 an investment became available for seniors, which guarantees their principal and their interest earned. Then, in 1997, Medicare Advantage plans made their debut. For Betty, the combination of these two products put her back on track to a successful financial retirement.
Betty's investments in the stock market over the prior three year period, lost her approximately 20% of her retirement account. Not only did she lose principal during that time, but she lost the opportunity to make money with her money. By simply shifting her retirement account away from the stock market and into an account that guarantees her principal investment, her account began to grow.
Education is the key! Through education, Betty was able to make an informed decision about how to protect her financial future.By simply repositioning her retirement account, Betty began making money; giving her peace of mind about the future. Then, by utilizing a Medicare Advantage plan, instead of traditional Medicare, she started saving an additional $200.00 per month. That's an extra $2,400 in Betty's pocket per year! She now has better health care coverage that includes wellness benefits, and is able to save precious income for other important things.
Today, Betty is happy and free from worry. She is not concerned about being able to pay her bills, or if she has enough money to purchase food or other necessities.
A Medicare Advantage plan might free up enough funds for you to purchase Long Term Care (LTCI) coverage. The cost of premiums are only a fraction of the cost of long term care, and most plans cover at home care, assisted living or facility care.
What is important to you? Don't be afraid to ask questions.There are a number of options available today that can really improve the health of your financial outlook.
For more information please visit www.ucentris.com
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