Most of us take for granted our ability to earn an income and save for retirement. But what if something happens to you and you can no longer work? Not only would your day-to-day expenses start piling up, but your retirement contributions would also be in jeopardy. Many clients aren’t aware of how financially devastating a disability can be to their future. A disability can make contributing to a retirement account difficult or, even worse, may force early withdrawals to cover expenses. Without proper protections in place, a disability before retirement can really hurt your retirement plan. While many employers offer disability insurance, employer-sponsored disability insurance often comes with some caveats. For example, you could lose coverage if you separate from your employer! Everyone should give some consideration to disability insurance coverage at some point. However, suppose you’re predicting a change to your job situation or have health issues looming... In that case, it’s a topic we should discuss very soon. We’re here to help, so just give us a call.While disability insurance is important for everyone to consider, if you’re predicting a sudden change to your job situation or have any health issues looming, it’s something we should discuss right away. |
Can a Disability Derail Your Retirement?
