You’ve always set aside money to prepare for unexpected emergencies and have saved for your golden years. But will your nest egg last through retirement? According to a Retirement Income Literacy Survey conducted by the American College of Financial Services, the short answer is “no.”
Like a loyal friend, your life insurance policy has always been there for you and your family. You’ve paid the premiums consistently for that “just in case” protection to manage life’s unexpected events and expenses. Your kids are grown and successful and the house is paid off. Should you continue carrying life insurance?
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 […]
