Tag: Medicare

Insurance Strategies for Retirement with Caleb Vaughan, CFP® (Ep.13)

Insurance Strategies for Retirement with Caleb Vaughan, CFP® (Ep.13)

Protecting your loved ones comes in many forms, and setting aside the right financial resources for yourself in your retirement is one of them!

In this episode, David Koren invites Caleb Vaughan, Financial Planning Strategist at RVA Wealth Management, onto the show to discuss risk mitigation and insurance in retirement. Together they highlight the importance of various types of insurance, including disability income insurance, life insurance, health insurance, and property and casualty coverage. 

Caleb provides insights into the cost of health insurance and Medicare, and the role of life insurance in estate planning. The discussion also covers the challenges and alternatives of long-term care insurance. 

David & Caleb discuss: 

  • The various types of insurance you need to consider investing in for retirement
  • How to strategically save for health insurance and Medicare
  • Factors to consider for long-term care, in-home or in an assisted living facility
  • How a financial planner can make these processes seamless for you and your family
  • And more

Connect with David Koren: 

Connect with Caleb Vaughan:

About Our Guest: 

Caleb is a CFP® and brings with him a wealth of financial planning knowledge to the firm. Caleb specializes in developing creative solutions for our clients’ most complex problems. Caleb was attracted to RVA Wealth Management because of the firm’s focus on delivering an engaging, highly personalized client experience and its commitment to the highest standard of integrity.
Originally from Mechanicsville, Virginia, Caleb obtained his B.S. from Virginia Tech and spent nearly 6 years serving clients at a prominent wealth management firm in Greensboro, North Carolina. Caleb and his wife Jenny decided to move back home to be closer to family after the birth of their second daughter.

How Much Money Do I Need To Have To Retire? (Ep. 5)

How Much Money Do I Need To Have To Retire? (Ep. 5)

Is there a way to know if you’ve saved enough money to retire? 

Very few people actually do the work to figure out if they will have enough money, and then when it comes time to say goodbye to the 9 to 5, they find out that they don’t have enough, and panic ensues.

Let’s make sure you are prepared to retire comfortably!

In this episode, David Koren, MBA, ChFC®, CLU® talks about how to calculate the money you need to retire, the necessary steps of figuring out how much you currently spend, setting a realistic date for your retirement, and estimating potential expenses combined with inflation.

David discusses: 

  • Why you may not spend as much money in retirement as you do now
  • How to adjust your estimated “expense number” for retirement and inflation
  • The different income sources you can use to supplement your retirement savings
  • And more

Resources:

Connect with David Koren: 

Will My Money Last Throughout My Retirement? (Ep.4)

Will My Money Last Throughout My Retirement? (Ep.4)

Will you be able to retire once you turn 75? 

Many people think they’ll have to work longer than they want to so that they continue to have a source of income.

In this episode, David Koren, founder of RVA Wealth Management gives a birds-eye view of determining if your money will last throughout your retirement. Listen as he addresses some of the most commonly asked questions and covers the key considerations you should evaluate in order to prepare for retirement.

David discusses: 

  • How to determine if your money will last throughout retirement
  • The disparity between when people think they will retire and when they actually retire
  • How long to plan for and considerations such as inflation and taxes
  • The importance of considering your lifestyle and understanding your spending habits
  • And more

Resources:

Connect with David Koren: