When one of your clients becomes terminally ill, you, as their financial advisor, find yourself with a great responsibility. While we all may certainly try our best to plan for every eventuality, there are few among us who truly understand what a terminal illness can mean for our family’s finances. In addition to immediate healthcare […]
Young financial advisors don’t always have it easy when it comes to working with clients. For one thing, they’re fairly new to the job. Just like any newcomer to an industry, they have a whole lot to learn. For another, building a strong client base as a financial advisor relies greatly on trust. Do your […]
It wasn’t too long ago that aging Americans who were sick, or who needed more than minimal assistance with the activities of daily life, had just two choices. They could either stay at home with a full- or close to full-time caregiver, or enter a nursing home facility. These facilities were often less than ideal. […]
Life settlements can be powerful tools in the right circumstances. They can eliminate costly premiums, liquidate a previously inaccessible asset, help seniors cover long-term or medical care costs, and pad a retirement fund. Yet despite these potential benefits, many financial advisors are still wary of life settlements. That’s due, in large part, to myths and […]
Technology is changing every facet of life almost too quickly to keep track. From apps that are helping financial advisors do their jobs better, to personal health and fitness trackers allowing us to see how well we’re sleeping, technology is helping us all do more today than we could yesterday. This is just as true […]
When it comes to financial advice, it seems that everyone has plenty to offer. Invest in these stocks, not those. Sell those shares now, not later. Use your savings to buy property, not stocks or bonds. And the list goes on. You’d think that once we reached the ripe old age that means we get […]
Last year, approximately 61 million Americans received $918 billion in Social Security benefits, with retired workers taking the majority — $55 billion. 9 out of 10 people age 65 and over received Social Security checks, with the funds representing about 35-40 percent of the seniors’ income. As for the 2017 forecast, a cost-of-living adjustment only […]
If you’ve always imagined your retirement as a carefree time full of travel, golf, or spending more time with family and friends, then it’s a good idea to take action now by making realistic, concrete goals and devising a plan on how to accomplish them. Keep in mind that it’s never too early to do […]
When you’re serving senior clients, there are a number of considerations you must take into account. For one thing, a senior client is usually a matter of years away from retirement, if they’re not already retired. Their financial goals are therefore very different from a client in her 30s or 40s. A retiree is likely […]
Ever since life settlements originated, there have been “provider direct” firms that advertise directly to seniors, offering to purchase their life insurance policies outright for slightly more than the cash surrender value. This can seem tempting to seniors who perhaps weren’t aware that their policy could be worth anything at all above the cash surrender value. […]
