1. Articles in category: Vulnerable Adults

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    1. Your Aging Clients’ Darkest Secrets: Addiction and Substance Abuse

      Do any of your older clients have a problem with alcohol or addiction? You may be surprised at the prevalence of these problems in our older population.

      Opioid addiction is not just about young people. Some sources tell us that opioid dependency is present among people of all ages, which can include your aging investor clients.

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    2. This is what happens to the finances of addicts and their families

      This is what happens to the finances of addicts and their families

      If you’ve seen the recent movies “Beautiful Boy” or “Ben Is Back,” you’ve learned about the pain parents experience when their grown child becomes an addict. But what the films don’t talk much about, and what’s rarely discussed, is the devastation addiction can do to the finances of the people with substance abuse disorders — and their loved ones.

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    3. Advising for Longevity: Why Advisors Must Consider Older Clients’ Health Issues

      Advising for Longevity: Why Advisors Must Consider Older Clients’ Health Issues

      Your clients are getting ready for retirement. You’ve done the calculations, balanced the portfolio and advised them of what income to expect. You’ve discussed how much spending is ok. You used your program and your analysis was thorough. You’ve done your job, right?

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    4. During a stock-market selloff, how would you invest $100,000?

      During a stock-market selloff, how would you invest $100,000?

      After a wild Wednesday on Wall Street, investors are nervous.

      What should you do with money sitting in your bank account? Take a theoretical $100,000. How should you invest it now? “Review your portfolio to see if there are any of your assets that you should now buy more of at lower prices,” said Tim Courtney, chief investment officer of Exencial Wealth Advisors in Oklahoma City. Don’t react or act without a plan.

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    5. Safeguarding Your Wealth From the Effects of Cognitive Decline

      The aging brain isn’t well-suited to financial decision-making. A growing body of research shows that cognitive decline starts to reduce our ability to make good decisions about credit in our mid-50s, and our investing decision-making skills fall significantly after 70. More than half of the U.S. population over age 85 suffers from some level of […]

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    6. Evacuating due to Hurricane Florence? Include these items in your ‘financial go-bag’

      Evacuating due to Hurricane Florence? Include these items in your ‘financial go-bag’

      When fleeing a natural disaster, your instinct might be to grab a laptop or a treasured keepsake like a family photo album. But what about your car insurance policy or your tax returns?

      More than 1 million people were ordered to evacuate as Hurricane Florence barrels toward the Carolinas. And many more across the Southeast could find themselves needing to leave their homes quickly given predictions of torrential flooding caused by the storm.

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    7. Should companies move to a semi-annual reporting schedule? Probably not, say analysts

      Should companies move to a semi-annual reporting schedule? Probably not, say analysts

      Should the U.S. move to a six-month financial reporting calendar from the current quarterly one as President Donald Trump mooted in an early Friday tweet?

      Not really, according to many investors and analysts, who argue that shareholders need more disclosure from the companies they invest in and not less. And while many executives — Elon Musk, anyone?

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    8. My ex-wife stopped payments on our home and racked up credit-card debt in my name

      My ex-wife stopped payments on our home and racked up credit-card debt in my name

      Before I got married in 2001 I had a credit score of 780. My wife at the time turned out to be extremely deceitful and we ended up divorced after 3 years. We did have children together and I got shared custody once the divorce was final. (I have full custody now.)

      I agreed to purchase her a house that had a mortgage in my name. The terms stated that I was to pay her support and she was to make the house payment.

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    9. Help clients come to grips with long-term care

      Starting a conversation about planning for illness and decline in old age is difficult with any client. Those who fall into the high-net-worth category are no exception.

      Nearly 60% of financial advisors working with clients with $1 million or more in investable assets say fewer than a quarter of their clients have a long-term care plan, according to a new Key Private Bank study.

      So how can advisors persuade clients to start thinking about putting a plan in place?

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    10. Can diversification protect against the next crash?

      CHICAGO – Are your clients diversified enough for the next major stock market crash?

      It has been almost a decade since the financial crisis. While there have been various sell-offs and flash crashes that have tested the limits of client portfolios since, many industry leaders are considering the likelihood of a repeat and just how well-prepared the industry will be if — or when — that day comes.

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    11. My mom, 60, lives with a con artist with a history of theft, deception and bad credit

      My mom, 60, lives with a con artist with a history of theft, deception and bad credit

      My mom is an otherwise sane, smart and independent woman. At 60 years old she has worked for over 40 years, has been a home owner in New Jersey for over 40 years as well and has always been on top of her bills, credit and responsibilities. About 5 years ago she became involved in a relationship with a man who I can only call a con artist.

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    1-24 of 89 1 2 3 4 »
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