Life

Getting to the Sale: 5 Steps to Closing Deals Faster

When it comes to closing a sale, the saying goes that a “yes” is best, but a “no” is better than a “maybe.” With a “no,” you can quickly move on to another prospect. A “maybe” can keep you engaged indefinitely, spinning your wheels and gumming up the sales pipeline of your product. Every salesperson […]

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Grandma and child smiling together

Do You Have a Plan for Long-Term Care?

The costs of long-term care are increasing every year, but most families do not understand what they will be confronting when it is time to start paying for care. Too many people wait until they are in the middle of a crisis before they start trying to figure out how the world of long-term care […]

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Smiling man on the phone in the office

Five Steps to Change the Habits that Are Sabotaging Your Career

For most of us, life has its routines: we get up about the same time every day, we eat the same breakfast and we take the same route to the office. It’s a reassuring pattern that enables us to focus on the higher-functioning tasks. Or so we like to think. In reality, researchers have found […]

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Senior parents look at a tablet with adult son

5 Ways to Create a Smart Growth Strategy for Your Practice

In the business of financial services and insurance sales, getting bigger does not necessarily mean becoming more successful. In fact, while so much attention has focused on adding services and employees, some advisors and agents have found that staying small and serving a loyal clientele is a much more satisfying path for them. As technology […]

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Surprises Your Clients Must Avoid As They Near Long-Term Care

Late-life finances can be the toughest conversations for any financial advisor. Faced with the ramifications of decisions they made decades before, clients can only ask that they not be surprised by unexpected costs and expenses. But, there are surprises lurking for many seniors and their families who think they are prepared for retirement, but, haven’t […]

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Man walking into the sunset with a suitcase

Study: Worries About Retirement Becoming a Global Trend

Almost half of today’s workers and retirees believe that future generations of retirees will be worse off than those currently in retirement (49 percent globally, 46 percent U.S.), according to findings from new global research. The New Social Contract: A Blueprint for Retirement in the 21stCentury is based on a 2018 survey of 16,000 workers and retirees in […]

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Decades Away from It, Millennials Are Best Prepared for Retirement

Millennials are taking investing and retirement seriously. That is the surprising conclusion of the J.D. Power 2018 Group Retirement Satisfaction Study. While the survey makes the claim that millennials are most likely of all demographic groups to be prepared for retirement, that’s a bit of a stretch, considering that the oldest millennial is only 37 years […]

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retired mature couple relaxing outdoors

How Seniors Can Save On Taxes And Pay For Long-Term Care

Two major expenses seniors face that can derail their retirement plans are taxes and long-term care. But working those two problems hand-in-hand could provide solutions for both that seniors and their families may not have thought about, says Chris Orestis, Executive Vice President of GWG Life (www.gwglife.com) and author of the books Help on the Way and A […]

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Senior woman gets a kiss from her loving adult son who has come to visit her in the nursing home.

Hot Practice Strategy: Helping Clients Pay for Parents’ Retirement

A growing number of Americans in their prime earning years are finding themselves faced with a financial obligation they may not have thought they would be responsible for: supporting their aging parents in retirement. Almost one-third of all Americans with a parent older than 65 told the Pew Research Center they have given a parent […]

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Elderly woman with middle aged financial advisor

Three Tax-Saving Tips for Seniors

 By Chris Orestis Costs of senior living and long-term care: If you’re diagnosed as chronically ill, some long-term care expenses can be tax deductible. These expenses need to be more than 7.5 percent of a person’s adjusted gross income. “Chronically ill” are those who are diagnosed and under a certified care plan issued by a doctor […]

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