Retirees Fear Becoming A Burden


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WAXHAW, NC – Here’s something to think about: 72% of retirees say that one of their biggest fears is becoming a burden on their families, according to an Edward Jones/Age Wave study. Fortunately, there’s much you can do to avoid this fate.

For starters, contribute as much as you can afford to your health savings account, IRA, 401(k), and other retirement accounts. And devote a reasonable part of your portfolio to investments that offer growth potential.



Another suggestion: Prepare yourself for the possible costs of long-term care, which can be enormous. You may never need to enter a nursing home or use the services of a home health aide, but you won’t want to risk having your family assume these expenses. A financial professional can suggest an appropriate protection strategy.

Finally, make sure your estate plans include key documents, such as a financial power of attorney and a health care directive.

Taking these and other steps can help ease the worries of burdening your loved ones – and that’s a liberating feeling.

If you have any questions, please contact me at (704) 708-4515 or by email at Jonathan.kirk@edwardjones.com

This content was provided by Edward Jones for use by Jonathan Kirk, your Edward Jones Financial advisor.

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Jonathan Kirk
As an Edward Jones financial advisor, I believe it is important to invest my time in understanding what is most important to you before you invest your money. In my opinion, this is the foundation to helping you determine the most appropriate financial strategy for you and your family.

I began my career with Edward Jones in January 2019 after having spent the prior 8.5 years in the financial services industry. I earned a bachelor's degree with a double major in economics and finance and banking from Appalachian State University in 2010 and the Accredited Asset Management Specialist® professional designation in 2020. The College for Financial Planning awards the AAMS® designation to individuals who successfully complete a 12-module professional education program, pass a final examination, commit to its code of ethics, and agree to pursue continuing education.

My wife, Rimes, and I met in college and have now been married for 8 wonderful years. We have two children, Grayson(5) and Henry(3). Some of my hobbies include spending time fishing in the North Carolina Mountains, camping, hiking and sharing my love for the outdoors with my wife and two boys.

Envisioning retirement and enjoying retirement is your job. Helping you get there is ours. Effectively planning for retirement can involve a variety of accounts and investments, including IRAs, employer-sponsored retirement plans (e.g., 401(k)), annuities, equities, mutual funds, and insurance (including life, long-term care options, and disability).