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I marvel at financial advisors who give advice based not upon knowledge but upon their own foolish assumptions. Case in point… Guy in his early 60’s married a younger woman some time ago. I met with the couple not long ago to talk about long term care planning. When he discussed our conversation with his [...]
I was in a home a while back doing a policy analysis for an older lady. It was one of those policies that provides a death benefit in addition to long term care benefits through an accelerated death benefit (It pays out a portion of the benefit prior to death – what ordinarily would seem [...]
I get great advice from many different sources. The other day I was sharing the whirl pool at the HealthZone with a man who was very successful in business. Petroleum engineer and all that. He was telling me his financial advisors were moving his money into sectors to insulate him from what they anticipated to [...]
A recent article in Retirement Weekly Newsletter pointed to an important issue for seniors. The sub-title of the headline for the article read, “Average American family faces a 37% shortfall in the income they will need in retirement.” In this difficult economic period when individuals’ 401K’s have become 201K’s, it is clear that we can [...]
I love my job, and one key reason is what my clients teach me. I was in a home with a successful business man and his wife one evening not long ago. From our prior phone conversation I learned that he was a “high asset” individual who was in great health. Past experience told me [...]
I was reminded recently of the subtle, yet critical, issue regarding long term care services. We pay for services with cash, not assets. When long term care services need to be paid for, availability of cash is critical. In past conversations with ”high asset” clients, their frequent response to the need for LTC insurance is [...]
The other day I was adding up the potential increases in premium costs for a person who wanted to wait just a little while longer to put a plan of protection in place. She was in her late fifties. Waiting just three years to implement a plan of protection could cost the client nearly 20% [...]
