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Insurance Planning

Having the appropriate insurance coverage in place both pre- and post-retirement can
help safeguard your assets and prevent you from having to dip into your retirement
accounts to pay for unexpected health events.

Having the appropriate insurance coverage in place both pre- and post-retirement can help safeguard your assets and prevent you from having to dip into your retirement accounts to pay for unexpected health events.

Insurance and Asset Protection

Protecting your wealth from sudden life events is crucial to maintaining progress toward your retirement goals. We don’t like to think about the worst-case scenario, but waiting until the unthinkable happens isn’t a sound strategy. That’s why we recommend assessing your risk tolerances and insurance coverage needs for events such as:
  • Divorce
  • Lawsuits
  • Liability on loan guarantees
  • Legal action brought by employees
  • Malpractice suits
  • Government civil action
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Woman in wheelchair

Disability and Income Protection

Sudden injuries or illnesses that prevent you from earning income will have an immediate (a potentially long-term) impact on your retirement plans. As you age, you may also require additional healthcare services that can chip away at your nest egg if you haven’t adequately accounted for the cost of such services. Having the appropriate disability and long-term care insurance in place can help ensure that you’re able to enjoy the retirement lifestyle you want.

Pre-retirement disability planning

Most people can imagine having minor injuries or illnesses that require them to take a few days or weeks off of work. But what if you’re forced out of work for months, years, or even permanently? Having disability insurance coverage can replace a significant portion of your previous income; allowing you to pay for essential needs while continuing to make progress toward your financial goals.

Post-retirement long-term care planning

It’s no secret that Americans are living longer than ever before. If you retire at 62 and live until 92, you’ll not only need to ensure that your retirement plan can sustain your financial needs for 30 years, but you’ll likely have to account for the cost of health and medical services that can quickly eat away at your savings. Long-term care insurance allows you to cover the cost of entering nursing care, visits to the doctor, prescriptions, and more.

What to consider when it comes to insurance

When it comes to insurance planning, everyone will have different needs and risk tolerances. That’s why it’s important to speak with an insurance professional to discuss your financial situation, healthcare needs, and retirement lifestyle goals.

Ask yourself:

  • How does your life insurance policy fit into your total financial plan?
  • How has your life changed since you last spoke to your insurance professional?
  • Have you shopped for a new life insurance policy recently to find better rates?
  • Do you own variable life insurance?
  • If you own term insurance, when does it terminate?
  • What are your family’s top priorities today? What will they be in 5, 10, or 20 years?
  • How will you pay the bills if you become ill or are injured?
  • How will your savings and investment programs be impacted if you no longer have a steady paycheck?
  • Which would have more of an economic impact on your family: death or disability?
  • What’s your definition of disability? Is it the same as your insurance carrier’s definition?

Let’s talk about your goals

Schedule a complimentary consultation with our team to discuss what’s most important to you, ask
questions, and get answers that make you feel more confident about your financial future.
Schedule a complimentary consultation with our team to discuss what’s most important to you, ask questions, and get answers that make you feel more confident about your financial future.
Page Misenheimer Headshot

Page Misenheimer​

Page is a partner in Wealthcare Financial and the president of Misenhimer, Aivazian, and Tennant, P.C., a certified public accounting firm in Yuma.

He has been a certified public accountant licensed in Arizona for over twenty years, specializing in estate planning. In 1997, he earned the designation of Personal Financial Specialist from the American Institute of Certified Public Accountants. Additionally, he holds licenses for life, health, and disability insurance. He’s also a member of the American Institute of Certified Public Accountants and the Arizona Society of Certified Public Accountants and is a former member of the Million Dollar Round Table.

Page attended the University of Arizona and holds a Bachelor of Science Degree with a major in accounting and a Bachelor of Science Degree with a double major in finance and real estate.

Melissa Short Headshot

Melissa Short

Melissa is a Financial Advisor with a Certified Military Financial Advisor designation at Wealthcare Financial. She helps the team service existing clients; manage audit preparations and compliance issues; act as primary contact for outside retirement plans; assist with annual client review meetings; and liaise with the Yuma community. She specializes in helping the newly bereaved navigate the estate settlement process—particularly new widows who want to build confidence in managing their finances if it’s new to them.

Melissa graduated from Fort Lewis College in Durango, CO; earning a BA in business administration with an international emphasis. Her career began in the hospitality industry before moving into financial services in 2006.

She volunteers extensively in the community through the Yuma Elks Lodge 476 and Yuma Rotary; serving as club president and as an assistant governor for Rotary District 5500. In her spare time, she enjoys a number of hobbies including archery and playing golf.

Steve Schulte Headshot

Steve Schulte, CFP®, MBA

Steve is the managing partner of Wealthcare Financial, managing director of the Wealthcare Advisory Group, and a private wealth advisor with Ameriprise Financial. Since 2000, he has provided investment advice by using a holistic financial planning approach based on his clients’ goals, needs, and long-term life plans.

He works closely with Page and Shawn to ensure that his clients have access to not only financial advice but the insurance, legal, and tax planning services they need to grow their wealth and protect their assets.

Steve earned a BS in agricultural economics from the University of Arizona and an MBA from Webster University. He’s also proud of being a former Yuma High School “Criminal” (the mascot of his local high school).

Shawn Garner Headshot

Shawn Garner

Shawn is a partner in Wealthcare Financial, a member of the Arizona State Bar Association, and admitted to practice in the Federal District Court of Arizona. Before joining the firm, he practiced in the area of commercial litigation and bankruptcy law.

Shawn joined Wealthcare Financial to help people achieve the peace of mind that comes with knowing their affairs are in order. He conducts free, monthly estate planning seminars to help get the word out about the problems and pitfalls associated with estate planning. He also writes a monthly estate planning column in The Yuma Sun.

He is a frequent speaker at public seminars covering the various aspects of estate planning and long-term care benefits available through Medicaid. Shawn also participates regularly as a member of the Arizona Medicaid Planning Council, the National Academy of Elder Law Attorneys (NAELA), and the American Academy of Estate Planning Attorneys (AAEPA). He is also a VA Accredited Attorney.

Shawn earned his Juris Doctorate from the University of Kentucky Law School in 2008. He graduated in the top 1% of his class at Colorado State University when he earned his undergraduate degree with a double major in both Political Science and Criminal Justice. He also holds an Associate’s degree from Arizona Western College.

Maren Green Headshot

Maren Green

Maren is a client service associate at Wealthcare Financial, helping to facilitate communication with clients, schedule meetings, and maintain the client account database. From cultivating and onboarding new clients to ushering existing clients through their financial journey, Maren plays a critical role in the day-to-day operations of our firm.

Maren has worked in the financial services industry since 2015, and with Ameriprise since 2018.