Insights for Your Financial Future

Empowering Aging Investors with Knowledge

Explore expert advice and the latest trends to secure your financial future. Dive into resources tailored for aging investors and stay informed with our comprehensive insights.

Latest Articles and Insights

Consider $2M: The Cost of Long-Term Care For One Aging Parent

Carolyn L. Rosenblatt, RN, Attorney, AgingParents.com Every year since 2004, private long term care insurer, Genworth has conducted a national survey to determine the average costs of care at home, and in facilities. The data is broken down by state, with the median...

One Thing You Should Never Tell Your Aging Investors

In retirement planning discussions, we see this statement financial professionals often publish for their clients: “The average lifetime out of pocket costs for healthcare for a 65 year old couple retiring today is $285,000.” Why should you never say this? It’s...

How to Resolve Family Conflicts Care, Control and Money: Approaches from Legal, Psychological and Compassionate Perspectives

Few things are more stressful than family disagreements, especially related to helping an aging family member. You're invited to a VIP Virtual Event: How to Resolve Family Conflicts, Care, Control and Money Approaches from Legal, Psychological and Compassionate...

Your Aging Clients Living Alone: The Dangers They Face

If you have any older clients, this real case is one you should know about. Here at AgingInvestor.com, where we also serve families of your clientele, we see some horror stories and this one should wake us all up. It really happened. We think it could have been...

Danger: You Need To Act Fast When Your Client Seems Cognitively Impaired

Danger: You Need To Act Fast When Your Client Seems Cognitively Impaired This really happened. An advisor was managing a portfolio for a client we'll call "Janet" with about $5M in assets. She seemed to be "with it" most of the time. But she had become confused in...

Financial Wellness and Physical/Mental Wellness: Are They Related?

Financial professionals often use the term “financial wellness”, referring to a client’s comfort level with their assets in retirement. That sounds good. But is there any connection between finances and wellness of the body and mind in retirement? Perhaps there is a...

Tips-Having Calming Conversations With Upset Clients In This Pandemic

Tips-Having Calming Conversations With Upset Clients In This Pandemic The coronavirus-related market turbulence is making a lot of clients nervous. Some are probably calling you demanding answers. Some are highly emotional and the incoming intensity feels...

Five Very Personal Questions Older Advisors Need To Ask Themselves

Advisors talk to clients all the time about the big topic of retirement. The industry inundates the media with advertising among competitors about who can do retirement planning best. You help clients plan for how to reach their goals. You do your research and...

What Extraordinary Advisors Do For Retiring Clients That Other Advisors Miss

Every advisor wants clients to think that he or she is unique, different, better than the competition. Maybe you are. But if your retirement planning with them stops at calculating their planned retirement income and preserving their assets, you’re not extraordinary....

What To Watch For: Aging Clients and The Sweetheart Scam

What To Watch For: Aging Clients and The Sweetheart Scam If it didn't happen so often, there would be no need to warn your single, widowed clients about it. But every day, someone gets taken in by a "special someone" who appears to have only your client's interests at...

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Are Your Own Clients Being Ripped Off By Scammers?

Is financial abuse happening to your clients right now? Of course, it is. There is no escaping it. A recent study puts the amount stolen from elders every year in our country at over $36B. With a problem as big as this, no group of elders is immune. If you took a...

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The Hidden Truth About Adult Protective Services

In all the proposed rules by FINRA and the SEC to address financial exploitation of seniors, advisors are urged to report suspected abuse to the local Adult Protective Services or to call the police. Unfortunately that is not always a solution. There seems to be a...

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Common Questions About Financial Planning

Explore answers to the most pressing questions about managing finances as you age.

How can I protect my retirement savings from inflation?

Consider diversifying your portfolio with assets that historically outpace inflation, such as stocks and real estate.

What are some tax-efficient investment strategies for retirees?

Utilize tax-advantaged accounts like Roth IRAs and consider municipal bonds to minimize tax liabilities.

How do I balance risk and security in my investment portfolio?

Adjust your asset allocation to include a mix of stocks and bonds, aligning with your risk tolerance and financial goals.

What should I consider when planning for long-term care expenses?

Evaluate long-term care insurance options and incorporate potential costs into your retirement budget.

How can I ensure my estate plan reflects my current wishes?

Regularly review and update your estate documents, including wills and trusts, to align with your evolving circumstances.

What steps can I take to avoid financial scams targeting seniors?

Stay informed about common scams, verify sources before sharing personal information, and consult trusted advisors.

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