Our new blog post discusses the need for advisors to assist clients who are or may become caregivers.
Baby Boomers are retiring at a rate of 10,000 per day and health care costs — including those related to Medicare — continue to increase. Not only will individuals pay more money for fewer services, they may also need to purchase supplemental insurance to fill in the gaps. Help your clients understand why it’s important to consider health care costs as part of their overall retirement planning.
Will Americans have protected monthly income that lasts their lifetimes? It depends on your advice, it depends on the solutions we create, and it depends on whether or not consumers can understand financial planning well enough to trust us with their retirement goals.
Talk to your clients about their financial wellness and retirement planning. Differentiate yourself by educating clients about their income replacement goals and how important it is to have a formal plan. Discuss how you can help them to achieve their plans for retirement.
76% of future retirees are concerned about health care costs, but most of them aren’t even planning to talk to their financial advisor about health care. So set yourself apart — and reduce your clients’ stress — by bringing it up yourself.
With these strategies, you may be able to lessen the anxiety your clients feel about making their money last.
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