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J D Mellberg Financial
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J D Mellberg Financial's posts

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What to know if you want to spend your retirement years abroad #retirement @nydailynews http://nydn.us/2axWeeE

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This Is the One Key Factor For a Happy Retirement #retirement http://bit.ly/2amXNwp

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Retiring soon? Here's a checklist of things you need to do #retirement http://nydn.us/29QfCAo

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Only 3 Days Left to watch Mellberg’s PBS Medicare Special “Mastering Medicare and Minimize Your Expenses for Complete Financial Health”. You don't want to miss this, it could very likely be the most informative Medicare program ever offered.

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Annuity interest continues to grow among consumers http://buff.ly/2623BlB
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We've finally made it to the last episode of the season titled "Leveraging the Charitable Remainder Trust" with Josh's guest, Daniel G. Nigito on www.MasteringYourMoney.tv

Daniel has written three books dealing with estate taxes and transferring wealth. His most recent book is titled "The Power of Leveraging the Charitable Remainder Trust".

Due to taxes, we are all accidental philanthropists. Today's conversation will uncover how we can take more control over our taxes, combine a Charitable Remainder Trust with Cash Value Life Insurance and help our families. As long as you have more money in your IRAs and 401(k)s than required to meet your lifetime income needs, today's episode is one you will not want to miss.

Join Joshua Mellberg and Daniel G. Nigito now at www.MasteringYourMoney.tv. We'll send you more information about season two as soon as it becomes available.
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Seniors Moving In With Kids Becoming More Common http://bit.ly/1TnrfOO #Retirement  
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Senior Health Care Planning May Find Value in Fixed Annuities

Americans have become more aware they must plan for their long-term financial futures, but awareness isn’t necessarily translating into action.

According to Northwestern Mutual’s 2014 Long-Term Care Study, 75 percent of Americans agree that with people living longer, the need for insurance that helps with increasing health costs is becoming greater.1 Unfortunately, many Americans have still not addressed what to do about their own future health care needs.

“Our study confirms that long-term care can have significant financial and lifestyle implications,” Steve Sperka, vice president of LTC at Northwestern Mutual, stated in a media release. “As the need continues to grow – the U.S. government estimates that 70 percent of Americans who reach the age of 65 will require some form of LTC – a disciplined approach to planning for your own longevity needs as well as those of loved ones should be a priority, not an option.” 1

Longer life spans require greater strategy
Since women tend to live longer than men, their need to prepare for long-term care costs may be more pressing.  There is some good news for those who have not previously prepared to pay for the costs of failing health in the future. There are other options than family member care and spend-down for Medicare assistance. Talking with your family members and going together to a financial professional may provide options to help protect your assets and help cover future health care needs.

You are likely aware that you can purchase an annuity that can provide an income in retirement to supplement other income like Social Security benefits and pensions. You may not be aware that some annuities offer a rider for purchase that will provide an increased stream of income* upon the occurrence of a qualifying health event.** These insurance products supply individuals with steady income to help pay for everyday costs during retirement, including those associated with long term health care costs.

Get in touch with Joshua Mellberg or one of our insurance agents at J.D. Mellberg to find the best retirement income strategy for your needs. Be more confident you will not outlive your money with lifetime payments from the right annuity option. Call us today at 1-877-805-0151.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer.

* Some annuities may have riders available for additional premium that may double your monthly income when your health qualifies for long-term care assistance. See your policy and rider for terms, limitations and conditions.

***Withdrawals can reduce the living benefit and death benefit of the contract.  See your policy and rider for terms, limitations and conditions.

By contacting us, you may be offered life insurance and annuity products for sale.  Josh Mellberg is insurance licensed in all 50 states and all employees of J.D. Mellberg Financial have the appropriate licenses for the products they offer.

1 “Long Term Care Awareness Study.” The Northwestern Mutual Life Insurance Company,10/2012. http://www.northwesternmutual.com/news-room/Documents/2012_LTC_Awareness_Study.pdf

If you are unable to access the article referenced above, please call 1-877-805-0151 to request a copy.
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