Your Retirement and Caregiving for Aging Parents

Retirement Planning:
"Either we learn from what our parents did right or maybe we learned from
what they didn't do right."— Michelle Alleman

In this episode of Life Happens with Kim Hegwood, we explore the various benefits of life insurance in
retirement planning. We cover different programs offered by Alman Group and how they can help one plan for retirement.

The discussion includes how
life insurance can play different roles in retirement planning, including long-term care money alongside the policy. We also consider the importance of
planning and budgeting for retirement goals like traveling. Taxes are a prevalent concern, and we offer ways to reduce taxes, including the use of
tax-free products available through IRS code 77. Our guest speaker shares her story of becoming a cancer survivor and her passion for helping families plan
for their future.

We end the episode with tips
on avoiding long-term care and life insurance needs and the importance of obtaining these products when young and healthy to reduce costs.

[00:02:15]
Learn from family experiences, be prepared for retirement, a personal story of
career change after parents' death.

[00:03:37]
Individual opportunities require clarity and exploration of available options.
Education can help preparation.

[00:04:34]
Preparation is vital when caring for elderly parents.

[00:04:46]
Uncertain future for Social Security at age 65.

[00:05:13]
Prepare for retirement and avoid outliving your savings.

[00:06:22]
Focus on fixed income sources for retirement, access to other sources,
and potential tax changes.

[00:08:03]
Tax-free retirement options are available to regular people but are often
unknown.

[00:08:20]
Helping people make informed decisions for their retirement goals and budgeting
for expenses like travel.

[00:09:57]
Tax-free options like Roth IRA have limitations. IRS code 77.2 offers tax-free
products but requires medical qualification and long-term investments. No quick
retirement program exists.

How to Contact Michelle

[email protected]

281-384-3855

Virtual
Business Card Link (all Social Media links are included here):

https://www.allemanfinancial.com/micheleacard

Bio:

Michelle Alleman is a cancer
survivor who was diagnosed with leukemia at the age of 57. Despite being a
healthy and active person, Michelle faced this unexpected challenge with
courage and grace. Her experience with cancer has even strengthened her passion
for helping families in need, a role she has been dedicated to for the past 20
years. Michelle has been happily married for 35 years and going strong. She
looks forward to sharing more of her story and inspiring others with her
resilience.

She is a financial services
expert that has dedicated the last 20+ years to helping families, nationwide,
navigate financial success. As Co-Founder of Alleman Financial, along with
husband Mike, she has helped thousands of individuals prepare for the
unexpected. In 1988, Michele received a bachelor’s in accounting from
University of Southern Louisiana (now University of Louisiana). She is often
referred to as the “cyborg” of her industry due to her tenacity and resilience.
It has become her mission to educate her clients on retirement planning and
protecting their hard-earned money/assets.

_____________________________________________________________________

Contact Kim Hegwood- Elder Law Attorney

Website: https://yourlegacylegalcare.com

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Your Legacy Legal Care

1150 Clear Lake City Blvd., Suite 100

Houston, TX 77062

(281) 218-0880