Elder Care Attorney, Mindy Felinton talks about retirees’ top fear and also talks about how to overcome any fear by enacting smart retirement planning.
Delray Beach, FL, August 27, 2019: Mindy Felinton, founder of Felinton Elder Law & Estate Planning Centers, has posted a new blog on her law firm’s website entitled “Retirees Four Greatest Fears.” Ms. Felinton lets readers know she can help them overcome those fears.
Felinton writes, “It has recently been said that the fear of death has been replaced by the fear of outliving one’s money.” She elaborates, “According to a Transamerica Corporation survey, 51% of respondents said their greatest retirement fear was outliving their savings.”
According to Felinton, “The second greatest fear is one that’s out of our control: Social Security cuts. Unlike being able to decide to save more money, if possible, no one can prevent this. According to the Office of Retirement and Disability Policy, by 2035 taxes will cover only 75% of the planned benefits.”
And the third fear that Felinton points out is that of rising healthcare costs. Felinton writes that, “Long-term care insurance has jumped from a $30 billion market in 1980 to $225 billion today. And, as we all know, premiums always rise with increased demand.”
The entire blog can be read at https://www.felintonlaw.com/retirees-four-greatest-fears/
About Mindy Felinton
From a young age, Mindy wanted to be the voice that would make an impact in people’s lives. She became an attorney and has practiced law for over 30 years, so that she could fulfill her desire to help others. As a special prosecutor, Mindy defended the underdog (literally) in cases of animal abuse. As a state attorney in Florida she fought for justice. During the last 25 years, Mindy met many wonderful people who did not know their rights, did not understand the law, and did not know what options were available.
Mindy assists families with Medicaid planning to help with the cost of nursing home care and with obtaining veteran’s benefits to make the cost of care more manageable. She also prepares wills, trusts, powers of attorney, and medical directives. Mindy is passionate about educating both other professionals and the public concerning VA Aid & Attendance benefits, Medicaid benefits, and the use of trusts for the protection of assets. She shares her experience and professional knowledge through free workshops, and as a frequent lecturer at State Bar Conferences.