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 […]
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, […]
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 […]
