When to hire a financial planner? According to the Employee Benefits Research Institute’s 2022 retirement poll, one in every three working persons and retirees now works with a professional financial planner. Almost half of those without a planner intends to hire one in the future. A life event, such as marriage or divorce, is frequentlyContinue reading “When to Hire a Financial Planner”
Tag Archives: improving financial literacy
Teachable Moment: Back to School Budgeting
It’s the back-to-school season which means back-to-school budgeting! The shopping season is in full swing from early July through late September. This season can be a teachable moment for back-to-school budgeting. Back-to-school shopping can be hard on a budget. Especially with 54 million returning children, most families intend to complete their shopping in oneContinue reading “Teachable Moment: Back to School Budgeting”
Gray Divorce: Double-Standards
Growing old isn’t easy, and here’s more proof. Except for people over 50, divorce rates in the United States are declining. Twenty years ago, only one out of every ten divorced spouses was 50 or older; today, one out of every four is. According to Jay Lebow, a Northwestern University’s Family Institute psychologist, “If late-lifeContinue reading “Gray Divorce: Double-Standards”
Financial Literacy: Empowering Your Clients
Financial education and money management go hand in hand. Protect yourself and your clients by empowering them with financial literacy. April is Financial Literacy Month, and in recognition, the National Council on Aging published an article that highlights eight tips for older adults to protect themselves from money scams. Millions of older adults fall preyContinue reading “Financial Literacy: Empowering Your Clients”
Spotting Tech Support Scams
Spotting tech support scams are crucial for older adults. Scammers exploit your fears about viruses and other threats, but they don’t want to protect your computer. Instead, they want to sell you useless services, steal your credit card number, or install malware on your computer. How do you know if you’re being scammed? Here areContinue reading “Spotting Tech Support Scams”
The Impact of Reverse Mortgages on Medicaid and Medi-Cal Benefits
The impact of reverse mortgages on Medicaid and Medi-Cal benefits can be confusing to understand. If your home is free and clear, we set up your HECM Reverse Mortgage using the equity in your home. Since the structuring of HECM Reverse Mortgage is an increasing line of credit, you can request funds in any amountContinue reading “The Impact of Reverse Mortgages on Medicaid and Medi-Cal Benefits”