While it’s not uncommon to see senior citizens walking on a treadmill, making rounds on an outdoor track, or simply strolling through a park, it is unusual to encounter seniors engaged in strength training. This is extremely unfortunate, because strength training (also known as resistance training or weight lifting) is the only form of exercise […]
According to recent research by the American Association of Retired Persons (AARP), a large majority of seniors will embark on at least one leisure trip in the coming year. A little over half of seniors expect to travel domestically, though 43 percent say they would like to travel both in the U.S. and abroad.
It’s that time. The time of sweltering temperatures. Of icy lemonades. Of kids frolicking in sprinklers. Of outrageous air-conditioning bills.
It may seem that “that day” will never come—until it does. “That day” is the day one or both of your aging parents requires long-term care. If you haven’t already had the important conversations about what this means and who will be responsible, it can be a much more difficult day than it needs to […]
Women encounter unique challenges for retirement that often begin long before they exit the workforce. A 2016 study by the The National Institute on Retirement Security, Shortchanged in Retirement, found women “80 percent more likely than their male counterparts to be impoverished at age 65 and older.”
A person’s financial situation and status may be one of the most sensitive subjects. Most adults intuitively understand that of the few subjects that are not “up for grabs” with their colleagues, their neighbors, their friends, and oftentimes even their closest relatives, personal finances tend to top the list.
As life settlement brokers, we know that seniors age 65 and older are leaving huge amounts of money on the table in lapsed and surrendered life insurance policies. That’s why we work so hard with financial advisors to help seniors sell their life insurance policies. A life settlement can provide much needed liquidity for some […]
Long-term care has been a popular topic in the financial advising and insurance worlds for some time now, however, not all financial advisors are familiar with how the need for long-term care can affect a family’s finances.
As individuals age, their lives may become much more complex. Whether it’s an increased need for medical care (and navigating bureaucratic barriers to access it), the necessity of estate planning, the challenge of caring for an ailing spouse, the search for affordable living assistance for themselves, the battle with various forms of ageism, or contending […]
The Administration for Community Living has issued their 2017 Profile of Older Americansreport, and the data indicate several interesting and important trends in our country’s population demographics. Unfortunately, these trends dovetail to create a concerning picture of the financial needs and preparedness of this group.
