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Avraham "AY"  Rappaport, CLTC

President, Financial Professional


Yaniv "Jay" Natanov

President, Financial Planner


Eli Rappaport

Vice President, Financial Planner


Shlomo Rosenstein

Financial Professional


Ozzie Marizan

Financial Planner


Joseph Greer

Employee Benefits Administrator


Sarah Tutko

Senior Client Support Manager


Premier Financial

6395 Dobbin Road, Suite 102

Columbia, MD 21045


Phone:  240-309-6001




March/April 2022

Planning Around an Age Gap

Planning Around an Age Gap

A significant age difference between spouses can present unique challenges for financial and estate planning. The needs of the younger spouse may be quite different from the needs of the spouse who’s closer to retirement. Several areas of concern are worth examining.

Health Care Dilemma
If the family relies on an older spouse’s health insurance at work, that spouse’s retirement might leave the younger spouse and any minor children without coverage. In this case, the older spouse may consider delaying retirement until the younger spouse is covered by Medicare, as opposed to paying for private insurance.

Essential Estate Planning
Estate planning can be complicated when there’s a significant age difference between spouses. Since it’s likely that the younger spouse will outlive his or her partner, an estate plan must provide for the younger spouse while ensuring that any children from a previous marriage aren’t disinherited. An estate planning attorney can help you create a strategy to provide for your spouse during his or her lifetime, while preserving assets that will ultimately go to your children.

Long-term Care Insurance
Paying for long-term care in an assisted living or skilled nursing facility can exhaust a couple’s assets, potentially leaving the healthy spouse without enough money for living expenses. Long-term care insurance can help pay the costs of care and can be a valuable part of a financial plan.

A Place for Life Insurance
Life insurance can be essential for couples with an age difference. Because the younger spouse may need money for many years into the future, life insurance can replace lost income, provide money for a child’s college education, and pay for services once performed by the deceased spouse. Consult your insurance professional to make sure your needs are sufficiently covered.



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