Co-Founder of Red Feather Financial, Dr. Sabrina Scott Talks About How Where One Retires Can Impact The Style In Which They May Retire
Dr. Sabrina Scott tells readers that where they geographically retire may significantly affect how well they may be able to retire and encourages including the where in any retirement planning.
DECATUR, GA, October 15, 2019: Dr. Sabrina Scott, co-founder of Red Feather Financial, has posted a new blog on the firm’s website entitled “Georgia On My Mind – Where You Retire May Impact How You Retire,” in which Dr. Scott talks about three factors that are important to most people as they prepare for retirement.
Dr. Scott asks, “Do you realize that your state of residence can directly influence your retirement planning?” She continues elaborating, “In the state of Georgia, the 2018 average cost of a private room in a nursing home was $6,768 per month. In the state of Alaska, the same room averaged $27,573 per month.” [Source: https://www.genworth.com/aging-and-you/finances/cost-of-care.html]
“That’s a huge difference!” Dr. Scott goes on, “Here’s another example. Medicaid which can help cover long term care if you financially qualify is implemented and regulated by individual states and the types of benefits offered vary state by state. Furthermore, what it takes to qualify in one state might be quite different from what it takes in another state.” According to Dr. Scott, “You may be prepared if you are currently living in the state where you plan to retire. But if you plan to retire in another state, do you know enough about that state to make sure your retirement plan will function as intended?”
The entire blog can be read at https://redfeatherfinancial.com/georgia-on-my-mind-where-you-retire-may-impact-how-you-retire/
About Dr. Sabrina Scott
Sabrina Scott learned about Veterans Benefits and Medicaid when her parents sought legal services for long-term care. Confident she could find ways to preserve her family’s resources and still get access to Government Assistance, Sabrina felt there should be more options than relying on welfare. As a result, Dr. Scott became an investment advisor representative who can make recommendations regarding securities and became licensed in insurance as well. She co-founded Red Feather Financial with Victoria Collier to help those who want to have a plan in place in order not to outlive their resources and who do not want to be a burden to their children.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit.
About Red Feather Financial
Red Feather Financial is an independent financial advisory firm born with a singular mission: to financially empower our clients and protect their financial future. Most people come to see us because they are worried about having enough money for retirement and long-term care costs. We help by showing our clients how they can leverage their assets in the most tax-efficient and cost-effective ways.