When and how should I turn on SS?

It’s different for every person. Depending on if you are a widow/widower, married or divorced or single for life, there may be different options available to you when considering turning on social security. It may be beneficial to consult with a social security professional to determine what’s best for your specific situation.

When am I eligible for Medicare?

65 is when you are first eligible. If you continue to work and have insurance coverage through your employer, you can delay and you will have a special enrollment period once you retire.

Have I saved enough to retire or when can I retire?

This is one of the most common questions we get. This is different for every person depending on the goals they have set. It’s important to consult with a professional to discuss your retirement goals to set an appropriate retirement date.

Should I or when should I start reducing the risk in my investments?

Typically, you should start paying close attention to your level of risk at least five years out from retirement. At Cloud Investments, LLC, we take a RiskFirst® Approach to monitor your risk ensuring that it aligns with your retirement goals. However, depending on income needs and amount saved this can vary from person to person.

Depending on the situation, some people absolutely need a trust. If you have a child receiving disability benefits and you have them named as a beneficiary this could interrupt their benefits. Another example of where a trust may be beneficial, is if you are concerned about an heir not utilizing their inheritance wisely. Other instances for the need of a trust could be due to the size of an estate, concerned beneficiaries will disagree about use of assets, want to avoid probate, etc.

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Name: Cloud Financial, Inc and Cloud Investments, LLC
Address: 200 Clinton Avenue West, Suite 1020, Huntsville, AL, 35801, US
Telephone: (256) 715-0094

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