As our parents age, adult children often find themselves having to adjust to new roles. Where we once may have been firmly on the receiving end of advice about finances, purpose, and living well, we now are asked to give it. Where it used to be us asking our parents to take a day off […]
As a financial advisor with elderly clients, you have certain situations you probably deal with frequently. Planning for retirement. Determining how best to pay for long-term care. Advising family members on choosing a power of attorney. Unfortunately, another situation that may come up with your older clients is elder financial abuse. Perpetrated through coercion, deception, […]
alz Many adults are far too familiar with the ravages that Alzheimer’s disease can impose on a family. The gradual decline of a beloved parent or spouse is a painful thing to be a part of, and it forces some difficult questions. When should I start looking at long-term care? What can I do to […]
Financial stress is nothing new. For decades, parents, grandparents, and retirees have been kept up at night worrying about how they’re going to pay for their child’s college, how to cover an expensive home repair, or how they’ll be able to handle a spouse’s unemployment. But a new survey by the AARP has found that […]
If you’ve attended any panels, webinars, or discussion groups centered on the topic of customer service in the past few years, you’ve likely heard the term omnichannel customer engagement. It’s a term that’s arisen as our online lives have become not just more complex, but also more connected. Our Facebook profiles can be connected to […]
If you're relatively new to the life settlement industry, it can be challenging to tell when you should bring up the possibility of selling a client's life insurance policy as a life settlement. If there's little chance the client's policy will qualify, you don't want to get their hopes up needlessly. The same is true […]
It's an unfortunate truth that as we get older, our healthcare expenses generally increase—often, by a drastic amount. Unless you're one of those rare people who live to 100 having never visited a doctor, once you hit retirement age you'll want to make sure you have some money stashed away for that health-related rainy day. […]
As our loved ones age, there are certain eventualities that most of us expect to have to prepare for. We know that our parents’ health may deteriorate. We know that they may end up needing long-term care. And we know that whatever their condition may be, they will go through major life changes like retirement […]
Every financial planner knows that as one ages, financial priorities evolve. Where once the most important thing for a client might have been maximizing stock market returns, now as she’s gotten older, it’s maintaining her quality of life in retirement. For another client, the priority may have been sending his children to college without accruing […]
When it comes to great websites to spend a few minutes—or hours—on, you can’t do better than TED.com. With thousands of TED Talks all free to watch, the site gives you the ability to learn about the future of robotics, how people with autism see the world differently, how body language shapes our destiny, and […]
