Annuities stand out as a cornerstone for ensuring financial stability in retirement. For most of our clients, annuities already form a critical part of their retirement portfolio—and for good reason. The current state of annuities “The year 2023 was a record-breaking year for annuity sales,” wrote Jennifer Schell for Annuity.org, “and 2024 could see even […]
As we approach retirement age and beyond—ourselves and our older loved ones—planning for any care and support that might be needed becomes increasingly vital. Ideally, planning should begin well before retirement age. However, there are solutions and educational resources for you and your family, even if you or your loved one have pre-existing medical conditions. […]
In last month’s blog post, we discussed the importance of assessing the wellness of elderly family members during holiday visits. These observations might lead to a realization that your senior loved one needs additional assistance at home. Approaching this subject requires a blend of tact, compassion, and respect for their independence. Let’s explore strategies for […]
The holiday season offers opportunities to visit and reconnect with parents and other elderly family members. These visits can also be a good time to ensure that your elderly relatives are safe, healthy, and happy.Getting a picture of your loved one’s overall wellness means more than observing their physical wellness. Here’s a checklist to guide […]
The Medicare open enrollment period for 2024 continues through Dec. 7. This open enrollment period introduces several key changes that may affect both coverage and finances for enrollees (also called beneficiaries). Here’s an overview of the most significant changes:Cap on insulin costs: A significant financial relief for those with diabetes, Medicare drug plans will cap […]
Where will you live in your retirement years? You may have sketched out a plan to age in place. But have you addressed Plan B—the unknown curveballs life might throw, which may include other levels of care?Today, many seniors have not altered their financial planning—which was originally designed for asset growth using riskier investment vehicles […]
The numbers are daunting. Eighty percent of seniors are unprepared for their long-term care needs. With 70 million baby boomers aging and half of the population being unmarried, the looming question is: Who is going to take care of them? Jonathan Miller of Longevity Solutions Inc. addressed this pressing concern and the significance of early […]
