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How Common is Bankruptcy Among Your Senior Clients?

December 11,18 | 11:56 am

How Common is Bankruptcy Among Your Senior Clients?For some older Americans, the “golden years” of retirement aren’t necessarily very happy times. In fact, the rate of seniors facing bankruptcy has surged five-fold since 1991, according to a new research study from the Consumer Bankruptcy Project. This spike exceeds the demographic shift for the aging population. The report analyzed data across states from bankruptcy court records and written questionnaires, revealing that about 12.2 percent of annual bankruptcy filings are from households headed by seniors. Continue reading

About to Retire? Consider Downsizing

December 04,18 | 2:44 am

About to RetireAs a senior approaching retirement, you’ve probably been thinking about life away from work. You may envision a future filled with happy moments, spending more time with family and friends, or traveling or playing golf — and now is the time to develop a plan to help those dreams become reality. Continue reading

How to Talk Finances with Aging Parents

November 27,18 | 2:59 am

How to Talk Finances with Aging ParentsChances are, you recall how your parents helped and guided you as you grew up. Remember the critical discussions about responsibility, honesty, and compassion? Now, later in life, those roles have reversed. Now you’re the one offering support and guidance to your aging parents, and at least one conversation will likely revolve around money. Continue reading

Different Types of Financial Professionals: Which Ones Do You Need?

November 20,18 | 12:55 am

Financial ProfessionalsOne of the best ways to stay financially healthy throughout your senior years leading into retirement involves retirement planning. The planning process should include assembling a group of qualified professionals dedicated to you–people who understand your financial situation and your long-term goals. Here are some of the experts you may want to add to your team. Continue reading

How Much Money You Need to Retire – and Why

November 13,18 | 6:45 am

How Much Money You Need to RetireOne of the most challenging aspects of retirement planning is figuring out the extent of the financial resources you’ll need in order to live comfortably in retirement. Many people draw up a plan based on life expectancy—estimating how many years they’ll live after they retire. Yet those calculations may be incorrect because people are living longer today than ever before. Continue reading

How to Know if you Still Need Life Insurance

October 30,18 | 2:33 am

Like a loyal friend, your life insurance policy has always been there for you and your family. You’ve paid the premiums consistently for that “just in case” protection to manage life’s unexpected events and expenses. Your kids are grown and successful and the house is paid off. Should you continue carrying life insurance? Continue reading

Steps You Can Take to Protect your Estate from Taxes

Steps You Can Take to Protect your Estate from Taxes

October 23,18 | 5:06 am

Steps You Can Take to Protect your Estate from TaxesThroughout your career, you’ve worked hard to save money and provide for your family. Setting aside earnings for life’s unexpected events, including illness, business or financial mishaps, disasters and more, has always been part of your financial plan. You recognize the importance of savings, and your persistence has allowed that nest egg to grow steadily through the years. Congratulations! Continue reading

Fit After Fifty: Better Living Through Pickleball


September 14,18 | 3:27 am

Fit After Fifty

If the thought of exercise makes you cringe, you aren’t alone. We know we should exercise to be healthy and fit, although just one in five adults gets the recommended activity they should. A study conducted by AARP shows that about 85 percent of adults over 50 agree that exercise boosts general health, and 83 percent believe it improves fitness, yet the majority of respondents spend less than 30 minutes exercising each week. Continue reading

What to include in your will: a checklist

September 12,18 | 9:24 am

What to include in your will: a checklistIt’s an undeniable truth. None of us will live forever, so what happens to your possessions — not to mention younger children — when you pass away?

Creating a will— putting your wishes down on paper specifying who will get your property when you die, and/or confirming who will care for your minor children — is one of the most important things you can do for yourself and your loved ones. Not only will you gain peace of mind, but a will can also help your heirs avoid unnecessary stress and aggravation. Without a will (or another plan such as a living trust), the laws in your state will determine how your property is distributed, usually to your closest relatives such as your spouse, children, or parents. Continue reading

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