As a senior, you’ve been working with your finances for decades. Managing your budget, saving for retirement, putting your kids through college—you planned and saved for years, and now you’re reaping the rewards of that financial responsibility.
However, becoming a senior and going from the working world to that of retirement doesn’t mean you can let that vigilance go. In fact, in some ways it might be even more important to keep a close eye on your money when you reach your later years.
From making sure you have enough money to support your lifestyle in retirement, to putting money away for future healthcare costs, there are lots of financial issues that seniors have to pay particular attention to. To help you along, here are our top five financial tips for seniors.
If you have a client who’s considering a life settlement, chances are you have some research you’re doing. It’s not always clear whether a life settlement is in the best interest of your client, or even whether a life insurance policy will qualify for this kind of financial solution.
That’s why we at the Ashar Group decided to try to make it a little easier to see whether a life settlement might be possible for your client. We put together a quick, seven-question quiz that you can take, and all you need is a few simple details about your client’s life insurance policy.
Here’s how it works. But remember: this is just a basic tool to help you decide whether or not to go further with the life settlement inquiry process. If your client is very interested, you can always call us at 800-384-8080 to discuss the policy, and get a more detailed view of your client’s options.
(more…)
Experienced nonprofit managers know that when it comes to funding, creativity is key.
Just like you shouldn’t put all your proverbial eggs in one proverbial basket, you shouldn’t rely on a single type of funding stream — individual donations, say, or corporate sponsorships — to allow your organization to carry out its mission. After all, your work is incredibly important, whether it’s funding research to cure diseases (like the Ashar Group’s favorite cause, the Crohn’s and Colitis Foundation) or providing meals to the hungry.
So when it comes to more complex donations, like a life insurance policy, it’s vital that your organization take the time to figure out how to maximize return, so you can then create the most value for those you serve.
Thanksgiving is an important holiday to us here at the Ashar Group. Every year around this time, we find ourselves slowing down for a moment—we look away from our computer screens and spreadsheets, take a deep breath, and reflect on our blessings.
This post is part of our series for advisors to pass to their clients. Knowing more about your clients’ needs will help you to better serve them. Aging doesn’t have to be scary, and we here at Ashar want to help you provide the resources that policy sellers need to flourish in this chapter of their lives.
The day you’ve either longed for or dreaded is finally upon you: the day you retire. This can be an emotional time, as it signals the end of one chapter in life, and the beginning of another.
It’s often hard to know how you’ll feel about retiring until you actually do it. But while emotional uncertainty is perfectly ok—normal, even—financial uncertainty is definitely not something you want to face in the latter part of your life.
Most of us in the financial world are familiar with Russell Conwell's famous Acres of Diamonds speech. Conwell, a Civil War captain and the first president of Temple University, delivered this speech thousands of times beginning in the 1880s, earning millions of dollars in speaking fees (the profits of which he sent back to Temple, to support the education of thousands of students).
For those who haven't heard or read the Acres of Diamonds speech, it concerns itself with the pursuit of wealth.
Conwell offers many interesting, useful points—that money itself is not evil, that being born into money is a handicap, that earning money provides some of the greatest pleasure a man can know, and that in order to make money, you have to give people something they need.
This post is part of our series for advisors to pass to their clients. Life settlements can be complex, but finding the right person to advocate on your behalf can make things that much easier. We here at Ashar Group want to help you provide the resources that policy sellers need to flourish in this chapter of their life.
The life settlement and life insurance industries are full of terms like “alloc split,” “per stirpes,” and “rescission period”—terms that, unless you really enjoy industry jargon, you probably have no reason to understand.
Now, the mark of any good businessperson who works with the general public—a financial planner, for example—is the ability to communicate clearly, without using unnecessary or confusing terminology. But with that said, there are a few terms that anyone considering a life settlement should know. We’ve listed some of the most important ones below.
(more…)
When planning how much money to save for retirement, there are certain factors people think of right away. Lifestyle is a big one—how much money do you need to maintain the lifestyle you’re accustomed to?
Health is another—are you relatively healthy, or is long-term care something you know you’ll need in the near future?
One thing that doesn’t always come to mind, however, is the influence of life expectancy. How long can you expect to live? This isn’t just an exercise in morbid thinking, but a vital part of the financial planning process. In financial language it translates to “How long will you need money?”
This post is part of our series for advisors to pass to their clients. Knowing more about your clients’ needs will help you to better serve them. Aging doesn’t have to be scary, and we here at Ashar
want to help you provide the resources that policy sellers need to flourish in this chapter of their lives.
This post is part of our series for advisors to pass to their clients. Knowing more about your clients’ needs will help you to better serve them. Aging doesn’t have to be scary, and we here at Ashar want to help you provide the resources that policy sellers need to flourish in this chapter of their life.
Until not too long ago, the only option for seniors who needed more care than their spouses or families could provide was a nursing home. While there are plenty of excellent nursing homes that offer caring, high-quality services to their residents, many seniors would like to stay in their homes or with family for as long as possible.
Nowadays, there are several options for seniors who need help with the tasks of daily life, but don’t want to move to a nursing facility. Here are three nursing home alternatives that are popular among both seniors and their caregivers and families.
