Helping Families Navigate the Financial Challenges of Age Transitions
In 2016, I wrote an article on Linkedin, about the evolution of financial planning as I have experienced it over the past thirty-five years. The title of that article was “Numbers don’t lie, they’re just usually wrong” and in it, I mentioned that no financial planning algorithm had advanced enough to demonstrate empathy, and that if it ever does, I’ll know it’s time to retire.
A Florida Appeals court has ruled that a special appointed guardian does not have a claim for guardianship expenses against a deceased’s IRA accounts. ( Araguel v. Bryan, (Fla. Dist. Ct. App., No. 1D20-2789, August 17, 2022).
According to the court transcript, In October of 2019, Jane Kaigler Araguel became unable to care for herself.… Read the rest
HGC, an Aging-In-Place research and product development company based in Connecticut partnered with non-profit Arctos Foundation to survey Americans’ preparedness for long term care.
Key findings:
… Read the rest
- 70% of respondents have no advance directive in place, and just one in ten have long-term care insurance.
… Read the rest
As the pandemic wreaks havoc on our mental and physical health, it is also quietly reshaping how Americans will face retirement and old age in the years to come.The virus is bringing sweeping change, mainly by “accelerating developments already under way,” says physician and entrepreneur Bill Thomas.
In the video below, Robert Powell, editor of The Street’s Retirement Daily, and Angie O’Leary, head of wealth management with RBC Wealth Management, talked about the need to plan ahead for the possibility of dementia and the type of plans to put in place.… Read the rest
Annuities were once simpler financial instruments than they are today. Issued by insurance companies, annuities offered savers a guaranteed interest that compounded tax free until the funds were needed at a later date. Now, they are highly complex financial instruments with a variety of features, interest options, charges, and penalties.… Read the rest
With the new year, I’ve entered my 36th year in the financial services industry. Just writing this fact feels strange. I’ve never characterized myself as a veteran of the industry, feeling instead that I’ve just hit my stride. The years however tell me differently and it’s easy to understand how senior professionals can feel marginalized.… Read the rest
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