• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Who We Are
    • About Our Firm
    • Meet Our Team
    • News and Events
    • Seniors Rock Radio
  • Estate Planning
    • Elder Law & Medicaid Planning
    • Estate Planning Services
    • Estate and Gift Tax Figures
    • Family Farm Succession Planning
    • Family-Owned Businesses & Farms
    • IRA Planning
      • Planning With An IRA
      • IRA & Retirement Planning
    • Legacy Planning Services
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
    • Young Families
  • Elder Law
    • Coping With Alzheimer’s
    • Elder Law Resources
      • Elder Law Reports
    • Guardianship & Conservatorship
    • Hospice Care
    • Veteran’s Benefits
  • Resources
    • Definitions
    • FREE Estate Planning Worksheet
    • FREE Webinars
    • Estate Administration Legal Guide
    • Estate Planning Articles
      • Questions for Your Estate Planning Attorney Before Creating Your First Estate Plan
      • How to Create Your First Estate Plan in 2022
      • How to Choose a Guardian for Your Child
      • Address These Three Questions in Your First Estate Plan
    • Estate and Gift Tax Figures
    • Frequently Asked Questions
      • Adult Guardianship
      • Alzheimer’s Care
      • Custodial Accounts for Minors
      • Estate Planning
      • FAQs for Families Without an Estate Plan
      • Elder Law
      • IRA & Retirement Planning
      • Is Your Estate Plan Outdated?
      • Legacy Planning
      • LGBTQ Estate Planning
      • Medicare and Social Security
      • Probate
      • Probate Avoidance
      • Irrevocable Trusts
      • Trust Administration
      • Trusts
      • Veterans’ Benefits
      • Wills
    • Newsletters
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning for Niches
      • Trust Administration
    • Top Estate Planning Techniques
  • Reviews
    • Our Reviews
    • Review Us
  • Medicaid Planning
    • Medicaid Planning
    • Emergency Medicaid & Nursing Home Planning
    • Medicaid Frequently Asked Questions
    • Medicaid Resources
  • Blog
  • Contact Us

Law Office of Michael Robinson, P.C.

Estate Planning Services in Rochester, New York and the Finger Lakes Area

Connect With Us Today

(585) 374-5210
Law Pay Button
Attend a Free Webinar
Home » Elder Law » Key Factors to Consider About Your Retirement Age

Key Factors to Consider About Your Retirement Age

June 14, 2018Elder Law

An elder law attorney can help you to prepare for your future. Elder law attorneys do not just help older people. The Law Office of Michael Robinson, P.C. can provide assistance throughout your life in taking steps to save for retirement, prepare to leave your legacy, and plan ahead in case you get sick. elder law

One of the key issues that an elder law attorney can assist you with involves preparing for retirement. Planning ahead for your retirement is important so you can ensure that you are able to retire when you want to. The Law Office of Michael Robinson, P.C. offers assistance setting retirement goals and taking advantage of tax breaks for retirement through IRA investing.

We also provide assistance once you are nearing retirement age. This can include helping to protect the assets you have worked so hard to acquire, as well as assisting you in understanding key issues that will affect when you retire.

You should give us a call to get personalized advice from an elder law attorney about all of the issues that could impact your retirement age. You can also read on to learn about some of the top things you’ll need to consider when it comes to the age at which you retire.

Key Factors to Consider About Your Retirement Age

Some of the key factors to think about when deciding what age to retire include the following:

  • How your retirement age will affect medical care: Seniors typically become eligible for Medicare at the age of 65. If you retire before age 65, you need to think about how you will get medical care if you need it. You should explore options for health insurance and make certain you can afford the costs. You should also be aware of Medicare coverage limitations. For example, nursing home care isn’t typically covered by Medicare, so you may need to work with elder law attorneys to make a plan to get these costs covered.
  • How your retirement age affects Social Security: If you retire before the age that the Social Security Administration considers your full retirement age (FRA), you may want to wait to claim Social Security benefits. Retiring before FRA results in a permanent reduction in Social Security benefits. Your benefits will be reduced by 5/9 of 1% for each of the first 36-months before FRA and by 5/12 of 1% per month if you retire more than 36-months early. The benefits reduction could be substantial and permanent so you should learn how benefits will be impacted and consider whether you can delay claiming by making withdrawals from your savings.

There may also be other important issues relevant to your specific situation. The Law Office of Michael Robinson, P.C. will assist you in understanding all of the issues that could affect your financial security during retirement. We can help with retirement planning at all phases of life and will work with you to ensure you have the best chance of retiring with a nest egg that will provide for you throughout your life.

Getting Help from an Elder Law Attorney

The Law Office of Michael Robinson, P.C. will help you when you are younger to understand the rules for investing in IRAs so you can maximize your retirement savings and ensure finances don’t prevent you from retiring when you want to. We can also provide assistance as you get older so you can be prepared for retirement and protect your wealth.

To find out more about all of the retirement-related services that The Law Office of Michael Robinson, P.C. can offer, join us for a free seminar. You can also give us a call at 585-374-5210 or contact us online to learn more.

 

  • Author
  • Recent Posts
Michael Robinson, Estate Planning Attorney
Michael Robinson, Estate Planning Attorney
Clients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors.
Michael Robinson, Estate Planning Attorney
Latest posts by Michael Robinson, Estate Planning Attorney (see all)
  • Business Succession Planning May Be Easier than You Think - June 1, 2022
  • Estate Planning – Something You Shouldn’t Do Yourself - May 18, 2022
  • Just When You Thought You Understood the 10-Year Rule, Think Again - May 11, 2022

Other Articles You May Find Useful

elder law lawyer
How Can You Avoid Unwanted Medical Care?
Alzheimer's incapacity planning
Alzheimer’s Disease: The Inconvenient Truth
living trust
Original Infrastructure Plan Would Boost In-Home Care for Seniors
Medicaid planning
Medicaid Planning: What Happens to the Beneficiary’s Income?
Medicaid_Medi-Cal
What Is the 2021 New York Medicaid Asset Limit?
Medicaid planning 9
Four Key Facts About Medicaid Planning

Primary Sidebar

Law Office of Michael Robinson, P.C.

Blog Subscription

  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube

TESTIMONIALS

A pleasure as always dealing with the entire staff. Always willing to explain the answers to our questions.

- Joseph and Julie Ann M.

Over the years we have been to many programs regarding Estate Planning. We were most impressed with Mr. Robinson’s presentation - both in subject matter and explanation in an understandable manner. We have put our “trust” in his competent hands. We were not aware of the complexity and the volume of paperwork generated for this undertaking. We found his staff to be most capable and client oriented in their knowledge and delivery.

- F.T. & L.T.

Our overall experience was one of thoughtfulness, clarity and comprehensiveness on the part of Michael Robinson, his staff and associates. We attended Michael’s seminar on legacy wealth, and found him to be clear and well-spoken. He touched on all aspects of Estate Planning in which we were interested. Our first of two visits to his office was timely and helpful enough for us to consider developing a plan. We finalized our document at a necessary meeting. His staff was accommodating and virtually spelled out every aspect of the plan. We highly recommended Michael and his system for developing a trust.

- Sharon T.

“From the first visit I was welcomed (like family). The office & girls have all their ducks in order! Very friendly! Mr. Robinson explained everything in detail. 100% satisfied. Will pass the word on. Great Law Firm. Thank you so much.”

- Geraldine P.

Establishing a Family Wealth Trust through the Law Office has been a positive experience, the staff is congenial, patient, thorough, professional and knowledgeable. Thank you for all your kindness. We certainly are comfortable and confident with our decision.

Beverly L.

<
>

News & Events

Seniors Rock Radio Show Recording 5-1-21

https://drive.google.com/file/d/1U7UkQbEGy-xY7XFAXvX9Qz7pKSVDVV3D/view?usp=drive_web   Author Recent Posts Michael Robinson, Estate Planning AttorneyClients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors. Latest posts by Michael Robinson, Estate Planning Attorney (see all) Business Succession Planning May Be Easier than You Think - June 1,... Read more →

Pittsford Office

1163 Pittsford-Victor Road, Suite 120 (Powder Mill Office Park)
Pittsford, NY 14534-3817
Phone: (585) 374-5210
Fax: (585) 485-0394

See Larger Map Get Directions

Map

mrobinson_sidbr_map

Footer

  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
robinson law logo

The Law Office of Michael Robinson, P.C.

Attorney Advertisement


© 2022 American Academy of Estate Planning Attorneys, Inc.