Many advisors are already considering housing options for their own retirement, but they're lagging when it comes to planning for their own clients' housing needs. Here are some highlights from a recent Legg Mason study on the housing crisis facing aging clients.
When we’re young we all have big plans for that nebulous future in which we will have all the time and money in the world to do what we want. No more work, or kids, or responsibilities. It’s a fantasy of living like a kid again except with access to a bank account and no parents. That’s not how it turns out though....More
In Terry L. Ellis and Sheila K. Ellis v. Commissioner, the Tax Court addressed eight issues in connection with a notice of deficiency and accuracy-related penalties issued for tax years 2005 and 2006....More
The fastest growing segment of the labor force is workers over the age of 65. But even if your clients have no intention of retiring, you can still help them get the most out of earned benefits. Here’s how....More
We’ve seen at least a dozen situations in the past year in which changes made to existing variable annuities during the estate-planning process have negatively impacted clients’ retirement plans....More
The private defined contribution market is largely a market that is untapped by financial advisors, yet it’s projected to grow 5.85 percent by 2020, according to a speaker at the FPA Experience conference....More
With changes to health care insurance choices imminent, how should advisors help retirees cope with the repercussions? We turn to a health care expert and consultant, Dr. Kathryn McCabe Votava of GoodCare.com, for some answers....More