Financial Advisor in Hobe Sound, FL

Looking for a financial advisor in Hobe Sound, Florida? Financial planning and investing can help provide you with a clear path towards your financial goals and remove fear and uncertainty around your finances.

Finding the right partner is a critical decision, but you may not feel completely equipped to start the process. To help, we at Grand Life Financial, a fee-only fiduciary financial planning firm, offer some guidance to help in your decision. We provide one-time, hourly and ongoing engagements that serve your individual needs.

Not all advisors are held to the same standards. Are they a full-time fiduciary or just some of the time? This will influence their recommendations, which may or may not be in your best interest. You will want to ask if they receive commissions or financial incentives for recommending certain financial products as well as if they are limited to selling investment products offered by their company.

Click here to schedule a free introductory discussion to begin exploring how to create a path towards enjoying a GRAND life!

Budgeting retirement income for health care depends largely on your age and overall health. However, it is important to plan ahead as the cost of health care will likely increase as you age. According to the U.S. Bureau of Labor Statistics, those 65 and older, on average, spend over $4,000 per month.

Medicare is often misunderstood as a way to pay for all of your health care expenses in retirement. Although it can pay for some health care expenses with limitations, Medicare does not cover long-term care. Original Medicare, also referred to as Parts A and B, do not cover dental and vision care. Medicare Advantage plans are offered through private insurers who are Medicare-approved. These plans generally cover the same costs that Original Medicare does, along with Part D prescription drug coverage. Some plans may also extend coverage to include costs associated with vision, dental, and hearing.

If you are not yet enrolled in Medicare, a Health Savings Account (HSA) is a great way to save money for retirement health care costs. These are available with high-deductible health plans (HDHPs) and offer triple tax advantages:

• Contributions are tax-deductible 
• Growth is tax-deferred
• Qualified medical expenses are paid tax-free

HSA funds can help pay for certain medical premiums including Medicare premiums and long-term care insurance premiums. Those 55 and older can make a $1,000 catch-up contribution per year in addition to the maximum contribution limit.

Grand Life Financial is an independent financial advisor in Hobe Sound, FL. We offer our clients a relationship uncorrupted by affiliations with big banks or other financial institutions, so we answer only to our clients. We are compensated by providing advice only. As a fiduciary financial advisor in Stuart, we do not receive any commissions and there are no hidden fees. We believe advisor compensation should be transparent and straightforward. Our services include one-time, hourly and ongoing engagements that serve your individual needs.