Life

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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Senior citizen couple walking on a path through trees

Elders Alone: Childless Seniors Plan for Care in Later Years

Sarah Peveler has a lot of the assets that would set up a comfortable retirement in Tarboro, NC: she paid cash for her home in the small town she moved to after retiring from her job as an executive in Philadelphia. But, as she told The New York Times, she doesn’t have one element that […]

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Senior citizen couple walking on a path through trees

Retiree's December Surprise: The Cost of Growing Old

http://www.nydailynews.com/life-style/urgent-understand-cost-growing-old-article-1.3886481 By Chris Orestis Many young, healthy Americans may not realize that they share something troubling in common with each other. There’s a good chance they could spend the later years of their lives in long-term care, a situation that might drain their finances and leave them dependent on the government to survive. Families go […]

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Senior woman and her daughter sitting outdoors.

Are You Financially Prepared for a Family Health Crisis?

http://myvalleynews.com/health/are-you-financially-prepared-for-a-family-health-crisis/ By Chris Orestis Americans are living longer, which means more time with the grandchildren, more time to travel to those places they didn’t see when they were younger and more time to devote to leaving their mark on the world. But a longer life expectancy also comes with problems. At least 70 percent of […]

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Senior citizen couple walking on a path through trees

4 Reasons to Know the Cost of Growing Old

http://thirdage.com/4-reasons-its-urgent-to-understand-the-cost-of-growing-old/ By Chris Orestis Many young, healthy Americans may not realize that they share something troubling in common with each other. There’s a good chance they could spend the later years of their lives in long-term care, a situation that might drain their finances and leave them dependent on the government to survive. Families go […]

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