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5 Easy Steps Every Senior Can Take to Safeguard Their Finances

June 12,18 | 6:59 am

happy retired couple looking over their finances with a calculatorRetirement may be sneaking up on you—or perhaps it’s already arrived. You think you have enough money, but you suspect there are potential pitfalls out there that can sabotage your years of hard work and diligence. You’re right to be concerned, but there are some easy things you can do to mitigate your worries. Here are 5 simple things you can do to protect your nest egg. Continue reading

The Best Ways to Give Away Your Money

May 24,18 | 7:18 am

Retired woman deciding how to divide her money including givingSo much of our adult lives is spent working to acquire money. We want to increase our income, improve our investment returns, add to our retirement accounts.

Once we’ve sent our children through college, reached our retirement funding goals, and accomplished what’s important to us, those of us who want to can shift to a new way of thinking. We can start deciding how we’re going to give our money away. Continue reading

Critical Conversations: Determining if a Life Settlement is Right for Your Client

May 17,18 | 9:38 am

Critical Conversations: Determining if a Life Settlement is Right for Your ClientIf you’re a financial planner who works with retirement-age clients, the topic of life settlements should be a regular part of planning conversations.

Life settlements allow a life insurance policyholder to sell their policy to an institutional buyer for more than the policy’s cash surrender value, but less than the net death benefit. The purchaser of the policy assumes responsibility for all future premium payments and receives the death benefit when the insured passes away. Continue reading

How Will You Be Paying for Your Hospital Stay? Life Settlements as an Alternative to Patient Financing Plans

May 02,18 | 9:06 am

Senior woman lying in hospital bed with doctor listening to heartbeatIf you or a loved one has had to enter a hospital in the last several years, you’re undoubtedly familiar with this scene that was recently highlighted by the AARP.

The patient is lying in a hospital bed, either awaiting or recovering from a procedure. Suddenly, a staff person who isn’t a doctor or nurse enters the room and introduces themselves as a member of the billing team. They talk to the patient and any family members present about what the bill is expected to cost, and ask how they would like to pay it. Continue reading

Women and Caregiving Something’s Got to Give

April 26,18 | 3:57 am

Sooner or later, given enough time, most elderly adults will require care assistance, with much of this assistance requiring long-term care. While 65% of those needing care rely exclusively on those close to them, another 30% will employ paid providers for supplemental assistance.

In contrast to men, women are significantly overrepresented as care providers and provide the majority of support in a complex system of long-term care. According to an article published by the National Center on Caregiving, Women and Caregiving: Facts and Figures, the informal care provided by women to aging parents, spouses, friends, neighbors, and so forth ranges from $148 billion to $188 billion annually.

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