As a financial advisor, you’re used to protecting your clients’ best financial interests. Evaluating investment options, advising on savings goals, ensuring their assets are safeguarded – these things are all part and parcel of being an advisor.
But senior clients have a unique set of financial vulnerabilities, many of which require a good deal of tact and sensitivity to address. Here are 5 effective ways that you can protect against these vulnerabilities, and provide your senior clients with the best value possible. Continue reading →
However, we still interact with plenty of advisors who aren’t familiar with life settlements. They may know the term, but not how the transaction works. They may have a mistakenly negative opinion of life settlements due to the unscrupulous practices that were sometimes perpetrated decades ago before the industry was regulated. Continue reading →
Longevity planning is fast becoming one of the most pressing aspects of retirement planning.
The reason, of course, is that people are living longer than ever before.
That not only means that our retirement money has to last us longer than it used to, but also that we have to prepare for higher healthcare costs, because living longer increases the probability that we’ll need long-term care at some point. Continue reading →
What’s more, a staggering 45% of Baby Boomers have nothing whatsoever saved for retirement. That means that a huge percentage of this group is also planning to rely heavily on Social Security for their living expenses. And since Social Security simply won’t ever be an ironclad guarantee, that’s not a very good plan. Continue reading →
At Ashar, more than 50% of the life insurance policies we review are owned in Irrevocable Life Insurance Trusts, or ILITs.
These are trusts set up specifically to own a life insurance policy. When the policy owner dies, the death benefit passes to the trust, rather than to an individual or company. The appointed trustee can then distribute the funds according to the policy owner’s, or grantor’s, wishes. Continue reading →
If you’ve been named a trustee by a living family member or close personal friend, you may be feeling somewhat overwhelmed.
It’s a big responsibility to oversee someone else’s finances. How can you be sure that you’re doing the right thing? How do you know what’s best for the person whose financial future is in your hands? Continue reading →