Core Insights - Retirees often rely on a combination of fixed income, savings, and Social Security benefits, which may be significantly lower than their previous salaries, leading to potential financial instability without proper planning [1] - Spending a small amount, such as $200, on financial consultations can help retirees create a solid budget and gain a better understanding of their financial situation [1][2] Financial Planning Services - Tax Filing Services or Tax Strategy Consultation: Many retirees lack awareness of how taxes impact their wealth and financial goals. Engaging a tax professional can help retirees save money through effective tax strategies [3][4] - Long-term Care Insurance Consultation: The average cost for a semi-private room in a nursing home is currently $100,740 per year, projected to rise to $159,372 in 20 years. A consultation can help retirees assess their need for long-term care coverage [4][5] - Retirement Planning Seminars or Workshops: Local seminars and workshops provide retirees with valuable information from financial professionals, potentially enhancing their retirement savings significantly for a minimal upfront investment [5]