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Retirement Planning That Covers All the Bases

When it comes to retirement, there’s more to think about than just when to stop working. It’s about having a clear, confident plan for how your money will support you through every stage of life. That’s where we come in.


At Ohio Senior Insurance, we provide complete financial planning services for individuals preparing to retire or already enjoying retirement. From income strategies to long-term care considerations, our team is here to make sure no detail is overlooked.


What We Offer:

We’re not here to push a single product — we’re here to build a full plan around your life and goals. Our services include:


  • Personalized retirement income strategies
  • Investment planning and portfolio management
  • Tax planning and withdrawal coordination
  • Medicare and healthcare cost planning
  • Estate and legacy planning
  • Life insurance and annuity solutions
  • Social Security guidance


One Tool in the Toolbox: Annuities

Annuities can be a helpful way to create consistent income during retirement, especially for those looking to reduce market risk or ensure their money lasts. While they’re not the right fit for everyone, we help you evaluate how they might complement your overall strategy.

There are several types:


  • Fixed – predictable payouts and guaranteed growth
  • Variable – growth tied to market investments
  • Indexed – potential returns based on market indexes, with downside protection


A Few Things to Consider:

  • Some options begin paying right away, others later
  • Early withdrawals may result in penalties or taxes
  • Fees vary depending on the product
  • Not all providers are equally strong — we help you choose wisely
  • Taxes can impact how and when to take distributions


Your Retirement, Your Way

Our job is to help you weigh your options, understand your choices, and build a plan that gives you confidence for the road ahead. Whether you want steady income, asset protection, or a legacy for future generations, we’ll help you put all the pieces in place — not just focus on one product.


Let’s talk about what’s possible for your retirement. Reach out today to schedule a consultation.


For additional information about annuities you can visit www.sec.gov/answers/annuity.htm (If you cannot access this information online, contact us to request a copy.)


* Annuity guarantees rely on the financial stability and claims paying ability of the issuing insurance company.

Ready for Retirement? Start Planning with the Right Tools

Planning for retirement doesn’t have to feel overwhelming — and the sooner you start, the more confident you’ll feel. One of the best places to begin is by setting up your my Social Security account online. It lets you view your earnings history, check your estimated future benefits, and access helpful tools to guide your decisions — all from your computer or mobile device.


In addition to your account, Social Security offers several online calculators that make it easier to see how your choices today will affect your income later on. These tools can help you get a clearer picture of what to expect — and we’re here to walk you through it, anytime you need us.


Tools You Can Use:

  • Benefit Estimator: Enter basic details like your birthdate and earnings to get a general estimate of your monthly benefit. (Note: This tool doesn’t account for special reductions like WEP.)
  • Retirement Age Finder: Learn the exact age you’ll be eligible for full Social Security benefits and how filing early could reduce your payments.
  • Earnings Impact Calculator: If you’re working while collecting benefits, this tool helps you understand how your income might temporarily reduce what you receive.
  • Early vs. Delayed Filing Tool: Compare how your benefit amount changes based on when you choose to start — whether earlier or later than your full retirement age.


Questions? That’s What We’re Here For.
If you're unsure how to apply this to your personal retirement plan, just reach out. Our team is ready to help you make smart, informed choices every step of the way.


With Retirement Around the Corner, Now’s the Time to Prepare

As you move closer to retirement, it’s important to make sure your financial plan is aligned with your goals. Social Security benefits are an important part of most retirement income strategies, but they’re only one piece of the puzzle.


A well-rounded retirement plan typically includes:


  • Personal savings and investments
  • Employer or government pensions
  • Social Security benefits


Most experts agree that to maintain your lifestyle in retirement, you’ll need around 70% of your pre-retirement income. Social Security alone generally replaces about 40% for the average worker — meaning you’ll likely need to supplement with additional income sources like retirement accounts, pensions, or investment income.


Tools to Help You Plan Ahead

The Social Security Administration offers easy-to-use tools on its website to help you estimate your future benefits and plan for different scenarios. You can:


  • Set up a my Social Security account to review your earnings history and projected benefits
  • Use the Retirement Estimator for a personalized benefit projection based on your real-time earnings
  • Explore the Benefits Planner for guidance on retirement, disability, and family-related benefits


What Impacts Your Social Security Benefits?

Several key factors can influence how much you receive in retirement:


  • Lifetime Earnings: Your benefit amount is based on your average income over your working years. More years with higher earnings generally lead to higher monthly benefits. Gaps in employment or years with lower income may reduce your benefit.
  • When You Start Benefits: You can begin receiving retirement benefits as early as age 62, but your payments will be reduced. Waiting until your full retirement age — or beyond — can increase your monthly amount thanks to delayed retirement credits.


If You’re Self-Employed

If you run your own business or freelance, you're responsible for reporting your income and paying Social Security taxes yourself. This is done through your federal tax return using Schedule SE. Any year you earn $400 or more counts toward your Social Security record.


Government Employees: Special Rules May Apply

If you work for a government agency and don’t pay into Social Security, your pension could reduce your benefits under two specific rules:


  • Windfall Elimination Provision (WEP): May reduce your own Social Security retirement or disability benefits
  • Government Pension Offset (GPO): May reduce any Social Security spousal or survivor benefits


Both provisions are explained in more detail on the Social Security website and are important to review if you’ve worked in the public sector.


Working Abroad? Here’s What to Know

If you’ve worked outside the U.S., especially for an American or affiliated company, you may have to pay Social Security taxes to both the U.S. and the foreign country. However, the U.S. has agreements with several nations to avoid double taxation. These agreements determine which country is responsible for your Social Security coverage. You can find more information about this on the SSA’s international page.



Don’t Forget About Healthcare

Medicare plays a major role in retirement planning. It's available for most people starting at age 65, and it comes in several parts:


  • Part A (Hospital Insurance): Covers inpatient hospital care and is usually premium-free if you paid into Social Security
  • Part B (Medical Insurance): Covers outpatient care and doctor visits; requires a monthly premium
  • Part D (Prescription Drug Coverage): Helps cover medication costs and also has monthly premiums


If you're already receiving Social Security when you turn 65, you'll be automatically enrolled in Medicare Part A. If not, it's important to sign up around your 65th birthday — even if you’re still working.



Already Receiving Disability or Survivors Benefits?

If you’re receiving disability benefits, they’ll automatically convert to retirement benefits once you reach full retirement age — no action needed. If you're receiving survivors benefits, and your own retirement benefit is higher, you may have the option to switch when the timing is right. Typically, people start with one benefit and switch to the other to maximize lifetime income.




Need Help Planning Your Retirement?

There’s a lot to consider — but you don’t have to do it alone. Whether you’re just getting started or finalizing your retirement strategy, we’re here to help you make confident, informed decisions every step of the way.