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 […]
One of the many perks of retirement is the chance to spend more time with family. Some retirees even decide to move in order to be closer to children and grandchildren, downsizing their home along the way. While there’s nothing like the pleasure of being able to watch your grandchildren grow up, retired grandparents may […]
As we age, certain things begin to change. Our muscles aren’t as strong as they used to be. Bedtime seems to come earlier than it used to. Forgetfulness can start to creep in. Luckily, there are all kinds of things that we can do to keep our minds and bodies healthy. The body is a […]
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 […]
No matter how much you’ve been able to save for retirement, there comes a point for many retirees when they begin to worry about having enough money to last them. Not having a paycheck, or even the prospect of a paycheck, can produce major feelings of anxiety - even if you thought you were fully […]
Choosing an assisted living facility, whether it’s for you or for a family member, is a major decision - perhaps one of the biggest decisions we have to make as we get older. Finding the right one means that you’ll not only receive the help and healthcare that you need, but that your transition into […]
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 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, […]
