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- 4 steps to help clients considering LTCI for parents
Four steps can help financial advisers guide clients who are considering long-term-care insurance for their aging parents, Richard Samson writes. The process, suggested by Paula Taylor of LTC Financial Partners, recommends that advisers confirm that long-term-care insurance is the preferable and appropriate option and, if so, help clients research an affordable plan. Once siblings agree with the choice, it's time to present it to the client's parents, Samson writes. National Underwriter Life & Health
(2/20)     
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- Experts: Older divorcing couples need help with a complex process
Divorcing after age 50 has significant financial implications that require the guidance of a financial adviser, experts say. Budgeting is a challenge in such a scenario, and early withdrawals from a retirement account or annuity may be penalized, leaving the account holder with insufficient retirement savings and few working years left to rebuild, experts warn. Dependent spouses also may lose health or disability insurance, which can be expensive to replace. Financial Advisor online
(2/20)
- Global survey finds people expect to run out of cash in retirement
On average, people expect they'll live 18 years in retirement but that they'll run out of money after 10 years, a survey shows. The global study from HSBC found that workers are pessimistic about their ability to save for retirement, citing education costs, health care expenses and job losses. More than half said they don't save enough, and 20% say they haven't saved anything. CNNMoney
(2/19)
| Policy Watch | | |
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- Industry, lawmakers discuss how to enhance retirement savings
Americans' retirement-savings deficit is estimated to be as much as $6.6 trillion, Sen. Tom Harkin, D-Iowa, said during a committee hearing. Products aimed at providing lifetime income are important as people live longer and concerns grow about Social Security, said Edward Moslander of TIAA-CREF. Harkin suggested that the federal government may need to encourage a return to the pension system by making the plans more appealing to employers. BenefitsPro.com
(2/20)
| Building Your Business | | |
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- Advisers strive to improve financial literacy
Financial advisers have a major opportunity to educate their clients during regular interactions, Gil Weinreich writes. "When I work with clients, I think it's important to be on the same side of the table in terms of my clients having a basic knowledge around how stocks work, how bonds and fixed income work," says Aubrey Lee Jr. of Merrill Lynch. AdvisorOne
(2/20)
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