How We Help
How Much Do I Need To Retire?
With pensions dwindling, cuts to Social Security, and skyrocketing cost-of-living, the question on the minds of many older adults is “How much do I need to retire?”
The answer depends on several factors, including the number of dependents for which you are responsible, the standard of living you would like to maintain, the cost of living in a particular region, and many more. At Meridian Retirement Solutions, we guide you through these complex factors to develop a personalized retirement income planning strategy that works for your long-term goals.
We build relationships, as well as financial portfolios.
Led by the renowned expertise of Larry Goldstein, our Boca Raton retirement planning firm develops one-on-one relationships with each client, while offering the same high-quality services as corporate giants. We encourage all residents in the Boca Raton area to visit our office and discuss retirement planning, wealth management, Social Security, and any other questions they may have related to their long-term retirement plan.
After securing your retirement income, our experts at Meridian Retirement Solutions will help you maximize the money market portion of your portfolio. This allows you to continue building wealth without taking risks that could compromise the security of your future. The earlier you begin planning for retirement and developing an investment portfolio, the less you will have to worry about your future financial needs.
Financial Planning
We believe that life is more than a paycheck and our mission is to ease your worries and help you create a sound and stable financial strategy for your retirement.
As part of The Meridian Retirement Solutions process, we'll help you create a retirement income plan that balances:
- Daily Living Expenses
- Budgeting for Luxuries & Quality of Life
- Planning your Social Security Benefits for Maximum Results (Social Security can add $1M to your retirement fund)
- Factoring in Pensions Withdrawal Strategies
- Factoring in both Expected & Unexpected Medical Expenses
- Planning for the Unexpected and the Inevitable
Our approach is simple but unique:
- Develop a lifetime income plan that each of our clients can use as a foundation or a stepping stone that has reliable, sustainable income for life.
- Look at all strategies for Social Security maximization, including a complimentary report in partnership with Dr. Laurence Kotlikoff, America’s foremost expert on Social Security.
- Manage the remainder of your portfolio to support growth, while incorporating stop-loss strategies to try to remove emotion from your investment decisions.
One of the most imperative decisions you can make in regards to your retirement is when to start receiving your Social Security benefit.
When you apply for Social Security retirement benefits for the first time, you may not give much thought to the precise monthly amount you’ll begin receiving. However, the decision to claim Social Security benefits at 62 instead of 67 or 70 (or vice versa) can mean leaving thousands of dollars on the table, depending on your personal circumstances. These factors include your non-Social Security income, net worth, family history and longevity, and how your current salary stacks up against past years’ earnings.
For example, someone who waits until 70 to claim these benefits and passes away at 72 will wind up receiving only a fraction of the benefits they would have received if they had claimed these benefits at 62. Someone who claims their benefits at a relatively young age and then lives for another several decades might have realized more benefits by waiting a few years to receive the higher amount. Asking the question, “How much Social Security will I get?” before you decide to make a claim — and fitting the answer into your budget and retirement spending plan — will ensure you never feel the financial squeeze in retirement.
Although knowing the average Social Security benefit by age can be useful as a ballpark estimate, determining “How much does Social Security pay?” in a specific situation will depend on your earning history. You can get a fairly accurate read on your future Social Security payments by looking at your last Social Security benefits statement or using an online Social Security estimator. These tools can help you answer the question with confidence, while Meridian Retirement Solutions can work with you on maximizing Social Security.
Are you seeking guaranteed retirement income or looking for an additional tax-advantaged way to save for retirement?
We have a broad selection of retirement annuity products designed to help fit your needs. Our highly trained professionals are ready to guide you and help you feel confident you're making the most suitable retirement planning decisions. We can review your current annuity to see if there is a more suitable lower-cost option available that might provide you with more competitive rates.
At Meridian Retirement Solutions you will work with a team of specialists who will help you prepare and execute an estate plan that is right for you and your beneficiaries.
One overlooked aspect of estate planning, other than avoiding taxes, is the fact that Insurance documents and other contracts may supersede the wishes you lay out in your will. Making sure all your beneficiary forms are in order, that you are transferring your assets in the most tax efficient manner, and that you have a continuity plan in place to ensure that your loved ones are taken care of while your estate is making its way through the courts, are all vital pieces of your plan. Give you and your loved ones the peace of mind that comes with knowing that you have a sound financial plan that takes care of them when the time comes.
Is your investment portfolio built to help carry you through retirement?
Larry and the team at Meridian will help and empower you to build a sound investment portfolio so that when you retire, you can stay retired. All investment advice is approached from a risk management and asset preservation perspective.
The most important question to ask yourself is: “What is most important to me over the next few years: Outperforming the stock market or meeting my family’s income needs over the next 10, 20, 30+ years?”
We believe that life is more than a paycheck and our mission is to ease your worries and help you create a sound and stable financial strategy for your retirement.
As part of The Meridian Retirement Solutions process, we'll help you create a retirement income plan that balances:
- Daily Living Expenses
- Budgeting for Luxuries & Quality of Life
- Planning your Social Security Benefits for Maximum Results (Social Security can add $1M to your retirement fund)
- Factoring in Pensions Withdrawal Strategies
- Factoring in both Expected & Unexpected Medical Expenses
- Planning for the Unexpected and the Inevitable
Our approach is simple but unique:
- Develop a lifetime income plan that each of our clients can use as a foundation or a stepping stone that has reliable, sustainable income for life.
- Look at all strategies for Social Security maximization, including a complimentary report in partnership with Dr. Laurence Kotlikoff, America’s foremost expert on Social Security.
- Manage the remainder of your portfolio to support growth, while incorporating stop-loss strategies to try to remove emotion from your investment decisions.
One of the most imperative decisions you can make in regards to your retirement is when to start receiving your Social Security benefit.
When you apply for Social Security retirement benefits for the first time, you may not give much thought to the precise monthly amount you’ll begin receiving. However, the decision to claim Social Security benefits at 62 instead of 67 or 70 (or vice versa) can mean leaving thousands of dollars on the table, depending on your personal circumstances. These factors include your non-Social Security income, net worth, family history and longevity, and how your current salary stacks up against past years’ earnings.
For example, someone who waits until 70 to claim these benefits and passes away at 72 will wind up receiving only a fraction of the benefits they would have received if they had claimed these benefits at 62. Someone who claims their benefits at a relatively young age and then lives for another several decades might have realized more benefits by waiting a few years to receive the higher amount. Asking the question, “How much Social Security will I get?” before you decide to make a claim — and fitting the answer into your budget and retirement spending plan — will ensure you never feel the financial squeeze in retirement.
Although knowing the average Social Security benefit by age can be useful as a ballpark estimate, determining “How much does Social Security pay?” in a specific situation will depend on your earning history. You can get a fairly accurate read on your future Social Security payments by looking at your last Social Security benefits statement or using an online Social Security estimator. These tools can help you answer the question with confidence, while Meridian Retirement Solutions can work with you on maximizing Social Security.
Are you seeking guaranteed retirement income or looking for an additional tax-advantaged way to save for retirement?
We have a broad selection of retirement annuity products designed to help fit your needs. Our highly trained professionals are ready to guide you and help you feel confident you're making the most suitable retirement planning decisions. We can review your current annuity to see if there is a more suitable lower-cost option available that might provide you with more competitive rates.
At Meridian Retirement Solutions you will work with a team of specialists who will help you prepare and execute an estate plan that is right for you and your beneficiaries.
One overlooked aspect of estate planning, other than avoiding taxes, is the fact that Insurance documents and other contracts may supersede the wishes you lay out in your will. Making sure all your beneficiary forms are in order, that you are transferring your assets in the most tax efficient manner, and that you have a continuity plan in place to ensure that your loved ones are taken care of while your estate is making its way through the courts, are all vital pieces of your plan. Give you and your loved ones the peace of mind that comes with knowing that you have a sound financial plan that takes care of them when the time comes.
Insurance Services
With the right life insurance coverage, we can be confident knowing that our loved ones will be able to live out their dreams, no matter what the future holds.
We do everything we can for our loved ones, not because we have to, but because we want to. If you're looking for affordable life insurance coverage for a specific period of time, term life insurance may be right for you. Permanent life insurance offers many different options and you can find the right guarantees, flexibility and cash value options to fit your needs.
No one plans to get sick or hurt, but most people need medical care at some point.
Health insurance covers these costs and offers many other important benefits. Health insurance protects you from unexpected, high medical costs. You pay less for covered, in-network health care and get free preventive care (like vaccines, screenings, and check-ups) even before you meet your deductible.
If you fall and break your arm, accident insurance could provide a one-time cash payment to help with co-pays you might incur for treatment.
If a broken arm meant that you could not work, you could file a claim for short-term disability benefits in order to begin receiving weekly replacement income. Although there is a distinct difference between the two types of coverage, they can certainly complement each other in the case of a covered injury.
Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and support.
The cost of a semi-private or private room in a nursing home is roughly $9,000 per month in 2024. The means that your ability to protect against increasing costs has become more important than ever. Whether you saved diligently during your working life or were still playing catch-up at retirement, paying out-of-pocket for nursing or assisted living care for yourself and/or your spouse in retirement can spend down even the healthiest of nest eggs.
When planning for retirement, it’s easy to overlook long-term care insurance. After all, no one wants to imagine a day when they may not be able to care for themselves. But purchasing long-term care insurance, or LTC, is a key component in a comprehensive financial plan; people are living longer than ever, the cost of care is increasing, and Medicare doesn’t cover the costs of long-term care. It just makes sense to protect yourself — and your estate — by planning ahead for what can be a significant cost.
Thinking about LTC insurance now can save you a lot later. Investing in the right policy will protect you in the future by providing benefits when you might need care. And even if you don’t use those benefits, your estate will receive the policy value, tax-free. Now is the time to plan ahead and mitigate future risk.
1 Genworth. 2024. Cost of Care Survey. https://www.genworth.com/aging-and-you/finances/cost-of-care.html. Accessed August 15, 2024.
Critical Illness is an insurance product developed to help consumers cover expenses associated with critical illness.
This specialized insurance provides a lump-sum, tax-free payment should a policyholder suffer from certain specific critical conditions. Some 600,000 Americans now have this protection purchased on an individual basis or through a plan offered by their employer.
Personal property coverage is the type of insurance that can help protect the items in your home, like your furniture.
Your belongings are likely worth much more than you might think, and if they're damaged or lost, personal property coverage could help you cover the cost of replacing them. We can also help insure your car, motorcycle, boat, or recreational vehicle.
With the right life insurance coverage, we can be confident knowing that our loved ones will be able to live out their dreams, no matter what the future holds.
We do everything we can for our loved ones, not because we have to, but because we want to. If you're looking for affordable life insurance coverage for a specific period of time, term life insurance may be right for you. Permanent life insurance offers many different options and you can find the right guarantees, flexibility and cash value options to fit your needs.
No one plans to get sick or hurt, but most people need medical care at some point.
Health insurance covers these costs and offers many other important benefits. Health insurance protects you from unexpected, high medical costs. You pay less for covered, in-network health care and get free preventive care (like vaccines, screenings, and check-ups) even before you meet your deductible.
If you fall and break your arm, accident insurance could provide a one-time cash payment to help with co-pays you might incur for treatment.
If a broken arm meant that you could not work, you could file a claim for short-term disability benefits in order to begin receiving weekly replacement income. Although there is a distinct difference between the two types of coverage, they can certainly complement each other in the case of a covered injury.
Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and support.
The cost of a semi-private or private room in a nursing home is roughly $9,000 per month in 2024. The means that your ability to protect against increasing costs has become more important than ever. Whether you saved diligently during your working life or were still playing catch-up at retirement, paying out-of-pocket for nursing or assisted living care for yourself and/or your spouse in retirement can spend down even the healthiest of nest eggs.
When planning for retirement, it’s easy to overlook long-term care insurance. After all, no one wants to imagine a day when they may not be able to care for themselves. But purchasing long-term care insurance, or LTC, is a key component in a comprehensive financial plan; people are living longer than ever, the cost of care is increasing, and Medicare doesn’t cover the costs of long-term care. It just makes sense to protect yourself — and your estate — by planning ahead for what can be a significant cost.
Thinking about LTC insurance now can save you a lot later. Investing in the right policy will protect you in the future by providing benefits when you might need care. And even if you don’t use those benefits, your estate will receive the policy value, tax-free. Now is the time to plan ahead and mitigate future risk.
1 Genworth. 2024. Cost of Care Survey. https://www.genworth.com/aging-and-you/finances/cost-of-care.html. Accessed August 15, 2024.
Critical Illness is an insurance product developed to help consumers cover expenses associated with critical illness.
This specialized insurance provides a lump-sum, tax-free payment should a policyholder suffer from certain specific critical conditions. Some 600,000 Americans now have this protection purchased on an individual basis or through a plan offered by their employer.
Personal property coverage is the type of insurance that can help protect the items in your home, like your furniture.
Your belongings are likely worth much more than you might think, and if they're damaged or lost, personal property coverage could help you cover the cost of replacing them. We can also help insure your car, motorcycle, boat, or recreational vehicle.