Sabrina Scott, Co-Founder of Red Feather Financial On How The Loss Of A Spouse Doesn’t Require Loss Of Income
Dr. Sabrina Scott educates married couples to the unique financial opportunities afforded by marriage and the importance of a well thought out retirement plan in order to provide income for life in the event of one spouse’s death.
DECATUR, GA, October 11, 2018: Dr. Sabrina Scott, co-founder of Red Feather Financial, has posted a new blog on the firm’s website entitled “Losing A Spouse Doesn’t Have To Mean Losing Income.” Ms. Scott helps clarify the role of proper financial planning to maintain the quality of life for the surviving spouse.
Scott writes, “The institution of marriage offers many unique opportunities aside from the obvious ones such as companionship and family” She elaborates, ”Marriage offers unique financial planning opportunities in the form of tax breaks as well as social security income for both spouses at retirement.”
“However if one spouses passes on,” says Scott, “the loss of one social security income could have a huge detrimental effect on the surviving spouse when accustomed to living on a certain amount. “A well-executed retirement plan,” according to Scott, “can make all the difference especially without having to dip into resources available for long-term care.”
As Scott points out, “Many couples are not aware that there are ways to set up financial plans to protect resources and still qualify for Medicaid and to guarantee income for the rest of your life even due to the loss of income should one spouse pass on.”
The entire blog can be read at http://redfeatherfinancial.com/losing-a-spouse-doesnt-have-to-mean-losing-income/
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.