How are you going to make 2017 an even better year for you and your practice than 2016 was? Are you going to expand your client services? Educate yourself about a new financial area? Work harder at bringing in clients of multiple generations? There’s no better way to lay out your plans for the year […]
Trust is a vital element of any business relationship, but in financial advising, it’s absolutely essential. Your clients are giving you influence over one of the most important parts of their lives: their finances. The stakes are high. As we all know, following bad or unscrupulous financial advice can lead to ruin, and clients are […]
If you’re not prepared, paying for long-term care can be one of the most stressful financial burdens many adults face in their golden years. With costs running into the tens of thousands of dollars per year, and only increasing, long-term care requires thoughtful financial planning. Thankfully, there are several options for paying these costs, as […]
Even those of us who’ve been making financial decisions for decades can stand a little help now and then. This is especially true as we near retirement, when financial discipline becomes more important than ever - even if we’ve saved all the money we think we’ll need.
We’ve all seen the popular stereotype portrayed of the older generation – the cranky, misanthropic old man – but we’re will to bet there are very few people who actually want to become that person as they age. Who wants to spend their golden years grumbling about minor inconveniences and being rude to everyone who […]
When you’re reviewing your client’s assets, what do you take into account? Their house, certainly. Investment and bank accounts. Valuables, like art or jewelry. But are you including their life insurance policy? You should be. Although many people, both consumers and those in the financial world, aren’t aware of this fact, a life insurance policy […]
As a financial advisor, you have a responsibility to protect your clients’ best interests. Given the nature of your work, you’re entrusted with privileged information - and not just of the financial type. If you work with a client for a long time, you learn things about their family situation, their career, their health, even […]
If you’re a member of the “sandwich generation” - adults who are caring for both their own young children and their elderly parents - then you’re no doubt familiar with the challenges and conflicts that arise on a monthly, weekly, even daily basis. You’ve somehow got to make it to your son’s school play and […]
As our parents age, we have to have many conversations that we know are necessary, but that we’d give anything to avoid. Talking about your parent’s last wishes. Discussing long-term care options. Admitting to your parent that you alone can’t provide the care they need anymore. These are all difficult, and sometimes, necessary conversations. If […]
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 […]
