The Top 3 Investments for Retirees

by Joe Borowiec

Many hardworking adults look forward to the day when they can leave the rat race behind and retire. While retirement offers several perks, it also leads to new challenges. What you gain in free time, for instance, you often lose in income, and this can take a toll on your personal finances.

When the paychecks stop coming in, it’s beneficial to have an investment or two you can lean on for financial stability. Here are a few investments that can help you pad out your retirement savings without taking on undue…

Financial Planning for Seniors on Medicare

by Joe Borowiec

Medicare, the national health insurance program for seniors over the age of 65, is an essential resource for many older adults, and without it, a large portion of the population would suffer from a lack of access to affordable medical care. In 2018 alone,

Finding Financial Relief After a Cancer Diagnosis

by Joe Borowiec

Combating cancer can be one of the most difficult challenges of a person’s life, and it is one that requires a great deal of mental, emotional and financial fortitude. Beyond the physical hurdles and side effects that coincide with most cancer diagnoses, there is the added hardship of paying for treatment.

Cancer takes place at the cellular level, occurring when abnormal cells develop and spread…

5 Ways Adult Children Can Help Support Their Elderly Parents

by Joe Borowiec

In childhood, you depended on your parents not only for emotional support, but for sound reasoning and fiscal stability. As your parents near retirement age and walk away from the rat race, they will need you to return the favor, lending a helping hand in medical and financial matters that may be beyond their purview in an ever-demanding and evolving world.   

By providing them with…

Debt Management Strategies for Seniors

by Joe Borowiec

As a senior preparing for retirement, it’s a good idea to plan ahead so you can avoid losing your financial footing. Without a steady paycheck, it can be hard to handle medical bills, housing costs, everyday expenses and existing debt. According to the Survey of Consumer Finances, debt among…

Helping Your Senior Clients Navigate a Health Crisis

by Joe Borowiec

Whether you’re a financial advisor, estate planning attorney or certified public accountant (CPA), as an expert working on behalf of your clients, it’s your duty to provide them with all the information they need to make sound financial decisions. If you work with senior clients, you understand that their needs shift and evolve as they age. Seniors often require assistance navigating these changes so they can make tough judgment calls with confidence. 

What some financial gurus don’t fully understand is the life…

How Baby Boomers Can Make the Most of Their Retirement Funds

by Joe Borowiec

When it comes time to clear off your desk, bid your co-workers farewell and enter the next phase of your life, will you be financially prepared for retirement? According to countless national polls and research studies, many older adults are far…

3 Questions That Can Help You Decide If a Life Settlement Is Right for You

by Joe Borowiec

When it comes to matters of the wallet, it can be tough to know exactly which potential purchases or investments will work out in your favor. This is especially true of older adults who often are particularly vulnerable to nefarious schemes, scams and fraud. But even for seniors with limited financial acumen, there are safe options that promise monetary relief during times of need.

One option that’s growing in popularity among senior citizens is a transaction known as a life settlement. This type of transaction takes place on the…

The Rising Cost of Elder Care

by Joe Borowiec

Lots of subtle shifts (and a few not-so-subtle transformations) are likely to take place as you get older, several of which will inevitably impact your overall quality of life. Everything from your health to the status of your social relationships can have an effect on your mental and physical wellbeing, and your personal finances are no different. In fact, AARP and other industry experts have revealed through countless surveys that

Should Your Parents Sell Their Life Insurance?

by Joe Borowiec

As your parents grow older, several transformations will occur that can have an effect on everything from their health to their finances. Sometimes seniors need help making decisions about their future, and they frequently rely on their adult children to assist them with these major life changes.

All too often, older adults don’t have enough financial support to make it comfortably through retirement, and this is a common concern among many older Americans. In a survey…

Understanding Different Types of Life Insurance

by Joe Borowiec

Shopping for a life insurance policy can be a daunting task if you haven’t done your research. Although the insurance world can be a tricky one to navigate at times, learning the basic concepts and terminology is half the battle. Once you understand the different types of policies available to you, as well as the benefits and drawbacks of each option, you’ll be in a better position to start making decisions about your life insurance needs.

But before you consult an…

It's All About Timing: When Should You Sell Your Life Insurance Policy?

by Joe Borowiec

Thanks to advancements in modern medicine, people are living longer than ever before. In fact, the United States alone is home to almost 72,000 centenarians

Leveraging Life Settlement Money for Retirement

by Joe Borowiec

Reaching retirement age can be a bittersweet milestone for many people. On one hand, leaving your job or career presents a number of alluring perks: You can spend more time with your family and friends, focus on your hobbies and even take that trip to Greece you’ve been dreaming about for decades.

However, fewer and fewer older adults are in a financial position stable enough to support a life of post-retirement leisure.

Life Settlements 101: A Beginner's Guide

by Joe Borowiec

If you were tasked with compiling a list of your personal assets, what would be the first things that spring to mind? Chances are, you’d start with your tangible possessions: your house, car, jewelry or antiques. However, intangible items are considered assets, too, including your life insurance policy.

How Life Settlements Work

Just like you can sell your property or your vehicle, you can also sell your life insurance policy.…

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