Co-Founder of Red Feather Financial Dr. Sabrina Scott On Importance Of Where One Retires
By: Red Feather Financial
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 factors that are important as you 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."
"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 http://redfeatherfinancial.com/
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 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.