Throughout 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 […]
It’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 — […]
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 […]
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.
Retirement may be sneaking up on you—or perhaps it’s already arrived. You think you have enough money, but you suspect there are potential pitfalls out there that can sabotage your years of hard work and diligence. You’re right to be concerned, but there are some easy things you can do to mitigate your worries. Here […]
So much of our adult lives is spent working to acquire money. We want to increase our income, improve our investment returns, add to our retirement accounts. Once we’ve sent our children through college, reached our retirement funding goals, and accomplished what’s important to us, those of us who want to can shift to a […]
If you’re a financial planner who works with retirement-age clients, the topic of life settlements should be a regular part of planning conversations. Life settlements allow a life insurance policyholder to sell their policy to an institutional buyer for more than the policy's cash surrender value, but less than the net death benefit. The purchaser […]
