5 Step - Smart Financial Longevity Planning Checklist

The Paul Mauro Financial Longevity Checklist 

1. Start with Housing Plans
   Decide where you will live during your later years. Will it be in your current home, a retirement community, or with family? If you’re considering relocating, think about the state and neighborhood that best fits your needs and lifestyle.

2. Prioritize Health Care Access
   Assess proximity to quality health care services. Are hospitals and care facilities nearby? If you plan to stay at home, ensure there are reputable home care agencies available in your area. Review your current health insurance and confirm it aligns with your specific health care requirements.

3. Review Insurance Coverage
   Evaluate your suite of insurance products, including:

   • Life insurance
   • Long-term care insurance
   • Property and casualty insurance
   • Medicare supplement or Medicare Advantage plans
     Ensuring adequate coverage is a key component of smart financial decisions for your retirement.

4. Update Legal Documents
   Meet with your estate planning attorney to review and update:

   • Your will
   • Durable Power of Attorney
   • Health care directives, such as a Living Will or Health Care Proxy
   • Living trust documents
     These documents should reflect your current wishes and legal requirements.

5. Fund Your Estate Plan
   Schedule a meeting with your financial advisor to align your financial assets and real estate with your legal documents. This process, known as funding, ensures that your estate plan is properly executed and your legacy is preserved.

By following these steps, you can create a solid foundation for your financial longevity and secure peace of mind for you and your loved ones.