Buffalo Financial Strategies

Ever wondered if you've left money behind in old retirement accounts? You're not alone!

Recently, we learned about someone who uncovered thousands of forgotten retirement money from previous employers.

How? By simply reaching out to their past workplaces.

👉 Take action now:
1. Review your resume to make a comprehensive list of all your past employers
2. Create a simple form letter requesting information about potential retirement accounts
3. Send the letter to HR departments or plan administrators of each former employer
4. Contact them to follow up

Remember, it's YOUR money. Don't let it get lost in the shuffle of life's changes.

Have you ever rediscovered a forgotten account? Share your story below! 👇

Stocks notched solid gains in November as post-election enthusiasm and holiday-shopping fueled the advance.

Monthly Market Insights | December 2024 The Dow Jones Industrial Average led, gaining 7.54 percent. The Standard & Poor’s 500 Index picked up 5.73 percent, while the Nasdaq Composite added 6.21 percent.1

TRUE or FALSE . . .
Healthcare costs are one of the largest expenses most retirees will face.

💯 It is TRUE!
Healthcare is often a significant and inadequately projected expense. Many people wait until retirement to understand their healthcare options, often because they’re accustomed to employer-sponsored plans.

This delay can lead to inadequate savings and uncertainty about covering these significant expenses.

💡 Key Considerations, according to a 2024 study by Fidelity:
• Healthcare costs continue to outpace general inflation, driven by longer lifespans, medical advancements, and increased demand.
• Medicare starts at age 65, but it has gaps that necessitate considering supplemental insurance for broader coverage.
• Home healthcare and nursing facilities can be costly. Strategies that anticipate extended care can help.
• Documents like a medical power of attorney and living will are critical to managing healthcare decisions and letting your wishes be known.

Our Take:
Healthcare options are often complex and confusing, so early preparation is key. A well-structured strategy can help you remain prepared and informed throughout retirement.